MGX 4.84% 32.5¢ mount gibson iron limited

March quarter predictions, page-107

  1. 4,577 Posts.
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    When does everyone think will be the Price whereby the BEOT will stop its relentless selling and maybe begin to buy back?

    Are we thinking 40c or even 35c. At 30c it would become ridiculous. But until the BEOT stop selling it will continue to go down. My 50% position exit at 54 c exits is looking great. Maybe it should be deployed again at 35 or 40c. I did sell my next 25 % at 50c so only have my last 25% position as a hold for now.

    Still surprised we are down here. Thought we would be in the 60s by now. Well that is the market for you. Can’t beat them join them.

    Other companies that don’t make any money are in long term uptrends. And we have cash in bank and continue to make money but in doldrems.
 
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