mgx 6mnth results out, page-8

basically the quarterly stated what most had already guessed..

costs up both on projects and freight. And yes this had been alluded to last year with both bhp and rio being forced into offsets…

delays on projects (although different from what both azr and mgx management had BOTH claimed during the TO just months ago) not at all unexpected allowing for the fact that everyone else is having the same problems.

the environmental issues at extension hill will be ironed out in mgx’s favour. (and the chinese who now own the magnetite resource there)

Overall reaction to the quality of the report… only surprise is that it took 2 days to be digested.

All up.. the lower it goes the more mopping up done by those sitting on the register awaiting a change in management and then ownership.

Only reason I’m still on the register.

My opinion only