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42.0¢ mount gibson iron limited

Or they make some bad decisions in what to do with the cash. A...

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alex123711

580 Posts.

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21/02/24

11:25

Post #: 72512688
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Originally posted by jdpc35: ↑

Patience is the key here AlbertE. Eventually this will re-rate just by shear value of cash (and then on news about how that cash is deployed). It might take six months, it might take a year.

I was reminded of this last night by a very, very experienced mining colleague who recounted a similar situation where Mr Market continued to ignore news for two years - my colleague got impatient and sold (for a small profit) and missed the 5 bagger that it became in the next 24 months.

If you are comfortable that the investment thesis that attracted you to MGX has not changed, then just sit and wait for Mr Market to turn from irrational to rational.

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Or they make some bad decisions in what to do with the cash. A lot can go wrong

MGX Price at posting: 49.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 42.0¢		Change 0.010(2.44%)		Mkt cap ! $510.2M

Open	High	Low	Value	Volume
41.5¢	42.0¢	41.3¢	$309.6K	744.5K

Buyers (Bids)

No.	Vol.	Price($)
5	140503	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	299937	11

View Market Depth

No.	Vol.	Price($)
3	18400	0.415
6	548119	0.410
4	181000	0.405
11	291000	0.400
6	284100	0.395

Price($)	Vol.	No.
0.420	243820	6
0.425	124867	7
0.430	212713	11
0.435	164986	6
0.440	123449	4

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 41.5¢			Change 0.010 ( 1.22 %)
Open	High		Low	Volume
41.5¢	42.0¢		41.0¢	170074
Last updated 15.59pm 07/06/2024 ?

MGX (ASX) Chart