MGX 3.23% 32.0¢ mount gibson iron limited

announcement regarding no takeover, page-14

  1. 4,620 Posts.
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    this will probably report something like 45-48 cents per share next year.....which gives it a forward P/E of about 3 .....i keep looking at the price and can't believe that it is $1.150.....sure it can go lower.....but i AM absolutELY POSITIVE that their are predator(s) looking at this at this moment......

    I know the arguments from all will be that the world is ending and that we'll be living in caves soon.....mind you i don't buy that worst case GLOOMY picture....I take this as a pull back , major correction in a much larger commodity boom cycle...but if this was to be taken out, a Question for those that hold is at what price would you part with your shares? And I guess you must consider it in the context of a slowing global economy over the next 12-18months......

    for me personally it would be atleast $4.00 , otherwise i,'' take my chances and hold for the longterm when this company should be fetching prices of $5-6 per share....may have to wait 2-3 years but i have the time and the patience when it comes to investing in good solid well run companies.
 
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Last
32.0¢
Change
0.010(3.23%)
Mkt cap ! $388.8M
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31.5¢ 32.0¢ 31.0¢ $251.4K 801.7K

Buyers (Bids)

No. Vol. Price($)
1 2417 31.5¢
 

Sellers (Offers)

Price($) Vol. No.
32.0¢ 186990 4
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