MGX 3.28% 31.5¢ mount gibson iron limited

no debt and $388 mill in the bank, page-59

  1. 19,695 Posts.
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    Snake... yep but this could be quicker than 2008, because panic has set in due to the fresh memories of 2008.

    Could be a V bottom. I rather a rout than the endless grind of 2008.

    Actually have a number of low ball orders across a number of stocks.

    MGX low of $1.265 May 2010 needs watching, I don't believe it will get there, but I wouldn't be playing catch the knife just yet.
 
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