FMG is taking beating coz its primary business is iron (Please correct me if i'm wrong), BHP is into other businesses too like coal etc. MGX currently has a Price to Book value of 0.78 which means MC is lower than equity or fair price per share of 61c which makes it a buy. from what i understand, peeps are waiting for it to hit the bottom or atleast the Iron price to stabilize as lower Iron price will surely hit the revenue and everyone wants a bang for buck.
MGX Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
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