MGX
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0.00% 36.5¢ mount gibson iron limited

you have not included any potential payout from insurance...

  1. shakattack
    1,166 Posts.
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    05/12/14
    16:26
    Post #: 14416627
    you have not included any potential payout from insurance company....

    the company was trading at discount to cash backing as the brokers thought the strip ratio will burn cash...
    now there is no mining to be done.. still trading below cash backing...

    damned if you do ... damned if you dont
    MGX Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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