MGX 0.00% 30.5¢ mount gibson iron limited

Value Opportunity, page-33

  1. 197 Posts.
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    What on earth are you talking about? Things did turn sour - they turned about as sour as sour gets. destroyed their main asset and IO collapsed. MGX still has a boat load of money. And yes - MGX IS a bank account with a term deposit securely sitting there! Read the annual and half yearly reports. 287 million in term deposits.... 100 million in subordinated notes.

    Muppet.
 
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