Brief timeline:
Date unknown but future 2016/2017:
Further insurance payouts are being negotiated for "business interruption costs".
(Present) June 2016:
$86 million dollar payout for the seawall collapse.
Nov/Dec 2014:
Operations at the mine off the Kimberley coast were suspended last week after a seawall slumped, flooding the main pit.
Who are they?
Mount Gibson Iron Limited (ASX Code: MGX) is an independent Australian producer of high quality direct shipping grade iron ore products, with assets in the Kimberley and Mid West regions of Western Australia.
What will they be doing now given the fact they are not mining Iron ore at present?
-Maybe use the funds to acquire another Iron Ore mine?
-Maybe get out of Iron Ore altogether and jump on the lithium bandwagon?
-Maybe Gold?
Market Cap: $273 Million according to CommSec this morning 20/06/16
Cash backed at 40 cents a share
Current Share price at 25 cents a share 20/06/16
Please post up what your sentiment , any other information that you wish to share on this company, how you imagine things will pan out, their potential strategic direction, charts etc.
Brief timeline: Date unknown but future 2016/2017: Further...
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Last
32.0¢ |
Change
0.015(4.92%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 32.0¢ | 30.5¢ | $604.0K | 1.928M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17500 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 73961 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |