MGX - Sell down over?, page-2

i tend to agree with your assessment.announcement of port development allows one project condition of glencore to be satisfied.selldown associated with major shareholder,resource equities,seems to have abated.market cap of 26 million makes it a minnow by iron ore producers capitalizations.i believe glencore has a reason other than an offtake agreement for there ore,as a reason to be involved with such a minnow. i have held the stock since january,and even with hindsight,selling at 32 would have generated more profit than todays price of 26.5,i think this stock is a medium term hold of at least a year for it to realize its worth as a producer.my year out view is 50 cents,which i humbly consider to be conservative. any other views on this stock are kindly welcome.