MGX 4.48% 35.0¢ mount gibson iron limited

One has to agree the competency of management is one of...

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    One has to agree the competency of management is one of question. The inability to forecast quarter by quarter is difficult to comprehend. Unless there is underlying issues not being disclosed only time will tell and yet on the other hand we had Paradice Investments acquire 29million shares in the first couple of months of the new year combined with further purchases by insiders late last year. Conflicting signs no doubt and yet 12 ships remaining to 30 June find it hard to believe will be achieved.
    Management have been very disappointing and boasting about a stable management team - I think by in large have become lazy.
 
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