Hi guys,
I don't hold any MGX, but I note that most iron ore shares got hammered down today.
I have a feeling its got to do with the Chinese budget, and perhaps measures taken to control growth/inflation
from a statistics perspective
AGO down 4% to $3.60
AQA down 4% to $8.13
GBG down 3.5% to 1.08
MGX down 2.8% to $1.88
MMX down .73% to 1.36 - after releasing some announcement
FMG down 1% to $6.40
I am not sure what the news is, but if the whole sector is down then it relates to growth and chinese moves
At the end of the day please DYOR, thats just my opinion
Cheers
Mayo
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