MGX 1.64% 30.0¢ mount gibson iron limited

MGX - Cash Balance, page-2

  1. NT.
    576 Posts.
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    Hi there "taxinglife",

    Your right about management of this company being fantastic to date, (for which I am more than satisfied) ...., but without the acquisition/takeover of KI from Aztec some years ago and the decision to rebuild the seawall, we would now be twiddling our thumbs..., so clearly good vision from management.

    It has been previously openly announced by management that they "are" looking for new acquisitions to grow the company ( for all shareholders future benefit).

    If they did wind up this company we (shareholders), would be looking for a successful dividend paying company with excellent management skills to reinvest in. (not many on my radar unfortunately)

    I think we will see a significant SP increase when shipping of koolan ore resumes, (and the market wakes up) plus excellent dividend returns over the next few years from KI profits and wise future investments...

    Nothing wrong with "growing" a successful company either.

    Just my positive thinking "tax" ....., certainly not advice.

    NT.

    .............................
 
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