MGX 1.23% 40.0¢ mount gibson iron limited

This reminds me so much of FMG just a few short years ago......

  1. 138 Posts.
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    This reminds me so much of FMG just a few short years ago... (around 2018????)
    FMG was printing money, about $1b per month and the price was around $4. (The now ex-wife made me sell at $4.50....)
    It was well undervalued, and Twiggy decided on a $500m buy back. It's what started the rocket, now look at them.

    Unless they need the capital expenditure elsewhere for whatever they acquire, this would send a clear message to the market. I'd be looking to announce a buy back at the same time they announce the next dividend and let the buyback self-fund itself. I'm patient, so I'm thinking in the next 12-18 months. Thoughts?
 
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