MGX 0.00% 30.5¢ mount gibson iron limited

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  1. 3,450 Posts.
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    re: breakout Miner two things in my view:

    MGX did a fairly big profit downgrade late last year which caused a lot of suspicion on managemenents ability. Admitidely the downgrade was still a huge increase on the previous year, but a lot less than they predicted.

    MGX also said deal with chinese would be decided before April and then announced a deal has not been reached and will be extended to May.

    I'm very positive on this one, but they need to keep forecasts real and to coplete deals when they say they will (hopefully that will start to happen)

    Cheers

    Dazzler
 
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