mgx price on monday, page-11

shut down for 3-6 months isn't feasible in any major industry. look at it from my perspective, 1.4mt of ore sold in 1st quarter before downturn in iron ore demand thats almost half the foreign heding earnings settled, so the remainder should be less of a concern.
Although MGX delayed shipments to customers, to the benefit of the customer, these same customers will ensure MGX survives in worst case scenario, all thanks to a little document call off-take agreement.
Its probably logical for downsizing to occur, so thats a temporary negative to sentiment, not sure how long this will last, i just hope the measures china used to slow the economy is just effective as the new measures to stimulate the economy.