What the whole market seems to be missing about MGX is that with its 75% of iron ore mining shutting down on Koolan Island, 75% of its loss making iron ore mining has been stopped. All they are left with is a smaller marginal mainland operation and a huge sack of cash.
Not a daytrader? If you catch the swings each day you can make 10-20%.
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Day Trading Dec 9 Morning, page-108
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