Todays AFR reports that the major Iron Ore producers are forecast to be the likely recipients of price rises in the magnitude of 14% in the coming year in USD coming on top of 9% last year.
Given that smaller players end up benifiting from the gains of the majors this should put to rest ongoing concerns about how MGX is going to make the books balance on the Geralton projects minus the cover of currency hedging.
No wonder people are so happy to buy up the stale holders at 18c and wait with patience whilst the company maintains its stony silence.....
well and truly due.
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |