MGX 2.38% 43.0¢ mount gibson iron limited

Yeah Koolan Island is a bit of a worry, its under sea level!...

  1. 965 Posts.
    lightbulb Created with Sketch. 6
    Yeah Koolan Island is a bit of a worry, its under sea level! Especially in a cyclone prone region... should have seen this coming.

    NTA is substantial, but hard to measure. Tangible Assets in a mine are the equipment etc. which in reality are worthless at the downward end of the cycle. There is a glut of Earth Moving Equipment at the moment. Also, there is plenty of 'Mine Life' and 'Exploration Development' and other ambiguous sums listed as Assets on the Balance Sheet. I really wouldn't count on them to equate for much.

    The best Asset to have is cash. It generates a return, and doesn't depreciate. I just hope they don't stuff it up!
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
43.0¢
Change
0.010(2.38%)
Mkt cap ! $522.4M
Open High Low Value Volume
42.5¢ 44.0¢ 42.5¢ $627.9K 1.453M

Buyers (Bids)

No. Vol. Price($)
1 19976 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
43.5¢ 17500 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
43.5¢
  Change
0.010 ( 2.35 %)
Open High Low Volume
42.5¢ 44.0¢ 42.5¢ 282963
Last updated 15.59pm 29/03/2024 ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.