MGC mg unit trust
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Catching the knife

  1. bacci
    12,802 Posts.
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    12/05/16
    11:35
    Post #: 17745837
    I have a few of these I got in the float.
    I am thinking of buying some more but wondering where the bottom might be. Clearly well under a dollar.
    There are many things to ponder but the biggest is that MGC is borrowing money to pay to irate farmers who have the choice of whether to repay it.
    I am guessing 50c, any more logical suggestions, perhaps based on the NTA of the business.
    Bacci
    MGC Price at posting: 97.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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