MGX share price, page-12

I guess the hard part to understand is why the big boys are truly flooding the market?

I mean, surely its better for them to receive a higher price - they are also at the mercy of margins?

Maybe they have cut costs so dramatically that now is the time to simply dominate the juniors by squeezing them out? Is FMG involved in trying to bring down Atlas Iron's share price for a takeover?

It's all a little confusing. I like MGX due to the fundamental anomaly of the cash price of the share being at 50c. I think that then values the business at 21c at the current share price. And with the 6% yield, I think this anomaly will eventually be corrected, and the share price should move to 90c+ off the back of a rebound in Iron Ore price.

Either way it's a waiting game. Ex Div end of September, and I can imagine there will be at least a slight rally before the dividend payment.