MGX 1.49% 33.0¢ mount gibson iron limited

great finish and about time, page-6

  1. acc
    292 Posts.
    Caketin, bbloff - thanks for making my load easier. I've been so overweight in MGX for so long while i waited for it to get back up through the 40s and having watched it peek into the 50s back one day in Feb and then retreat, I resolved to sell out at break even when it hit 52.

    Which I did, and felt really smarmy about it - for about two hours until I saw two months potential profits taunt me as the SP rose to .605.

    Did we know this announcement was coming yesterday? That's what I'm kicking myself about. Could I have known to wait? it's been such a fickle trading stock, even if it remains a great little company. And having seen the debacle the management at OZL foisted on their shareholders, MGX were prescient in signing the partial sell-off and offtake agreement when they did.

 
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