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MGX reported net profit (after tax) of $74.5M for 6 months ending 31/12/2020 and cash balance of $412M sitting in the bank!

Furthermore, they are on track to cash in on higher iron ore grades & reduced costs (better profit margins) during the second half of 2021

DYOR as always

<blockquote data-quote="Telamelo" data-source="post: 1118844" data-attributes="member: 43636">MGX reported net profit (after tax) of $74.5M for 6 months ending 31/12/2020 and cash balance of $412M sitting in the bank!Furthermore, they are on track to cash in on higher iron ore grades &amp; reduced costs (better profit margins) during the second half of 2021 <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />DYOR as always</blockquote>

[QUOTE="Telamelo, post: 1118844, member: 43636"] [B]MGX[/B] reported net profit (after tax) of $74.5M for 6 months ending 31/12/2020 and cash balance of $412M sitting in the bank! Furthermore, they are on track to cash in on higher iron ore grades & reduced costs (better profit margins) during the second half of 2021 :) :) :) DYOR as always [/QUOTE]

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