MGX 1.61% 30.5¢ mount gibson iron limited

The most important aspect of their half year when they report...

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    The most important aspect of their half year when they report this week will not be the numbers (we already have a very good handle on where these sit), nor near term production forecasts. It will be whether or not they start to provide more clarity on the bigger strategic picture.

    As has been covered by others in various posts, we are looking for:

    1. Indications on how they may extend mining at Koolan. I am sure they are looking very intently at this as they have a huge amount of fixed infrastructure in place in very good condition following recent investments. This would provide an immediate fillip to the share price as would start to remove the "finality" issue that is overhanging MGX.

    2. Indications on other assets or investments - does not need to be specific, but some more general clarity on this front would be welcomed (though personally not expected in this half year announcement).

    3. Indications on how / when they will restart some flows to shareholders. I am hoping they provide a timeline (I am thinking they will recommence with the full-year results).
 
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