MGX 0.00% 33.0¢ mount gibson iron limited

AFR today has an undated article about the current situation in...

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  1. 7,135 Posts.
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    AFR today has an undated article about the current situation in China' Steel making industry, citing Only 1 per cent of Chinese steel mills are currently profitable. that wouldn't paint a good picture of IO producers all over the world.
    And next 1-2 year the gigantic Simandou mine will be slowly feeding the supply when starting production.
    MGX would use the large cash reserve to make some acquisition now.
 
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