MGX 1.39% 35.5¢ mount gibson iron limited

merrills rates it a takeover target, page-9

  1. 1,502 Posts.
    lightbulb Created with Sketch. 32
    dont worry folks, the presentation shows that the company has less than AU$50/tonne total production cost at koolan island(used 50 because i couldn't remember better). So the spot price would have to fall alot more for the company to be affected.

    I'm very short term in this one, hopefully today is "short" and tomorrow another "covering" rally. But i just dont know.
 
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