MGT 5.45% 26.0¢ magnetite mines limited.

similarities to FMG

  1. 44 Posts.
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    I've been a shareholder of mgt for the last couple of months. Haven't been on the Stockmarket for many years. I spent a good 2 days going through about 30-40 stocks and widdled them all down to one.....MGT. why? well many years ago I picked all of my own stocks for my super fund (20years ago) as I'd always had a keen interest in business. back then I did the same and read the business section in the paper for a solid year and collated 10 stocks for my super fund. bought those 10 stocks and sat on them. One of them being FMG. I bought them back then for 90c, $2,000 worth, so I've done well to date, along with all other 9.The major thing here I see is that MGT is quite comparable to FMG (when it was a junior stock), and I love what I see. They have all positive things going for them and heading for production in a couple of years. The major thing I've learnt over the years is that when you find something great, then HOLD and don't let go. This will be an absolute winner Bought a couple of million for retirement years . keep up the good posts.......great members here
 
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