MGX only needs to get production and sales up to speed.
MGX has been the ugly duckling up until now as all other iron ore miners have been doing well and paying good dividends although this next reporting season will see a decline in dividends.
Even at current iron ore prices MGX will do well if they can get production sorted and then next year should be a good year.
I put my money where my mouth is and topped up another 50,000 MGX shares yesterday. If it goes lower I'll buy some more as I think in 6 months time MGX should be doing OK. ( Should, whether it does remains to be seen.)
MGX Price at posting:
58.8¢ Sentiment: Hold Disclosure: Held
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