MGX 0.00% 43.0¢ mount gibson iron limited

MGX Chart/Technical Analysis, page-321

  1. 677 Posts.
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    Just to be reminded:-
    Interest rates need to drop
    Dividend Announced
    Clarity on the future of Koolan
    Potential Acquisition Identified

    Not a big ask for PK - I believe all the above have been ticked off now it's matter of time before announcements are made.

    Remember money talks! - MGX are in a golden spot with influx of cash.

    A 2 cent dividend can be distributed via interest income and dividend income from FEX without impacting on the bank account - what a great position to be in during these times.

    A golden opportunity to acquire another company resource sector is low can buy something cheap.

    MGX could also become an investment company that acquires interest in multiple companies.

    Patience is the game.
 
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MGX (ASX) Chart
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