Short term Bottom hit?, page-45

I think sometimes Hotcopper can be a breeding ground for conspiracy theories and MGX thread certainly appears to have gone that way.

Iron ore prices remain elevated and likely to stay that way a little while, MGX has had an extraordinary run over the past couple of years and particularly lately. Obviously a stock price cant go straight up forever, however a nice consolidation is happening around current levels similar to what we saw back in early 2017.




MGX will continue to improve their efficiencies pulling ore out of the ground and don't forget the grades are 65% fe. Things are still on track just a bit of a delay in getting the cashflows some were expecting. Sometimes delays are the best buying opps.