MGX 0.00% 32.0¢ mount gibson iron limited

Macquarie upgrades target price to 55c, but should be more like 70+ cents, page-35

  1. 10,471 Posts.
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    Bottom line with these analysts - they are slow on the downtake and slow on the uptake. Maybe there is an agenda (they play it down or up intentionally to affect sentiment to aid their actions) but the bottom line when it comes to forecasting based on massive economic factors is that it comes down to abductive reasoning - an outcome that can be heavily affected by bias, which takes time to play out, by which stage when one realises the horse has bolted.
 
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