It can be frustrating if you put all the mining stocks together they all follow a similar chart pattern hence MGX is not immune to the negative sentiment. Even overseas Vale a huge iron ore minor has dropped over 50%. Spare a thought - they are growing their cash balance FEX was a good investment for MGX and just wait till they announce the updated reserves. When you have cash can make decisions unlike many speculative companies that thrive what anticipated reserves they announce to see capital growth. Unfortunately, MGX do take a conservative view, no bells and whistles, plodding along until the market finally sees the light.
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