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42.0¢ mount gibson iron limited

There won't be any iron ore left on Koolan by 2028.if you think...

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alex123711

580 Posts.

23

08/05/24

21:25

Post #: 73734658
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Originally posted by AlbertE: ↑

The stock continues to move down. In a solid downtrend.

What's the point of announcing ships and even cash per month. The market doesn’t care that MGX is making money and is sitting on a war chest.

No one wants it. We are stuck with a dud company.

Only chance for this to go up 3%. Is the following-
1. Iron ore price back over US$200. Probably in 2028.
2. a take over. Not going to happen.
3. Announces an extension to Koolan island life. Doubt it, as they said it becomes physically difficult because of the soil batters.

4. A lucky lucrative purchase of a distressed company close to production.

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There won't be any iron ore left on Koolan by 2028.

if you think it's such a bad company probably time to sell.

Last edited by alex123711: 08/05/24

MGX Price at posting: 43.5¢ Sentiment: None Disclosure: Held
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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