Mount Gibson Iron Limited (AU:MGX) has released an update.
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Mount Gibson Iron Limited has announced a continuation of its on-market buy-back program, purchasing 481,914 ordinary shares on December 11, 2024. This move is part of a broader strategy, with a total of over 12 million shares acquired so far, potentially signaling confidence in the company’s financial health. Investors may view this buy-back as a positive indicator of value, suggesting the company believes its shares are undervalued.
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