MGX 0.00% 43.0¢ mount gibson iron limited

gap btn fmg and mgx has widened today, page-5

  1. 2,239 Posts.
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    thestockguru, very interesting facts raised and the chart certainly supports what you are saying, especially if it is charted on a percentage change chart basis, MGX has lagged a long way behind recently compared to as you say keeping step normally.
    This could be due to the fact that renewed interest in that FMG has hit all its targets, first ship is gone and is now moving to producer status has put some of the doubters in their place and forced others to finally take a position, plus the obvious takeover rumours.
    The IO sector is once again very hot and the MGX gains recently has been very small compared with many in the sector so it is due for a catch up run. Talk yesterday also that the IO price talks may gain more than the 85% price increase talked about latlely.
    Like pcaruso have been with this stock for a while(sub 20 cents)and have huge respect for the management team which I am sure will guide the company to bigger and better things in the next few years.

    A few drill results indicating some good upgrades for Koolan Island and Extension Hill will be the driver that has a few people rethink their feelings on MGX in the next few months.
 
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