MGX 0.00% 33.5¢ mount gibson iron limited

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  1. 6,128 Posts.
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    Take a deep breath people.
    We have the same discussion every time any results are released.
    12 months ago i recall same arguments,same disappointments.
    The question is when didnt this company underperform?
    Dolphin i understand your disappointment but seriously why wouldnt these large holders want to take it over at some point .
    15%+ in this company is a 90 million $ stake now.Thats a lot of moolah to tie up without having some higher motive.
    You are right though that we are likely to see lower prices,if it breaks 70 and takes out the stops ,selling will accelerate and it may hit 60 again.
    Shazz u were wrong it wouldnt see 80 again it has and will see even lower prices.
 
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