MGX 4.92% 32.0¢ mount gibson iron limited

why is mgx floundering

  1. 851 Posts.
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    I just don't understand by MGX - a producer and has a positive cashflow - is floundering compared to others in the mid West area (MMX, GBG and like).

    These companies are all in the same area. One of the MAIN differences between MGX and these others is that MGX is producing and earning revenue. These other companies are still in the development stages and haven't even dug up any ore to export!!!


    I just don't understand!
 
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