MGT 1.59% 32.0¢ magnetite mines limited.

I've never said for people to sell out of mgt. There is nothing...

  1. 934 Posts.
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    I've never said for people to sell out of mgt. There is nothing wrong with trading mgt. Buy low sell high.

    expections need to be moderatored as there's a long way to go to ever get to production, and having a 100m market cap doesng install confidence for me in regards to getting finance. But I must say trying to get 500m of finance is alot easier than trying to get 2 billion like hio is trying. Thats simply impossible. People did say mgt is better than other iron ore hopefuls like hio. I tend to agree with them now. Big cost mine, big finance needed. Compared to low cost mine, low finance needed. I would pick the lower profile, any day.

    the hio forum talks about getting 500m from govt green fund. Thats redicilous. You never hear talk like that on mgt threads. Much more realistic here
 
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