Hi Baggins,I can't really tell you why either company is better...

Hi Baggins,

I can't really tell you why either company is better than the other. I think if you compare the up and down sides to both companies they will be pretty similar. I will give you a few upsides to both.

MMX
* Agreements with POSCO in place, since POSCO is a major shareholder and Sun Woo is a director it seems unlikley that this relationship will ever come into trouble.
* Harbinger is the major shareholder. History tells us that he always does well.
* Sino steel lurking in the background. Despite what the market may say they still want to get their hands on the mid-west
* Potential cash flow from OPandR and the fact the MMX will get a major say in the way the rail and port will be built.
* $165 million in the bank

AGO
* Strong management team that has not given anyone any reason to doubt them
* Has a really good pipeline of projects in the Pilbara and Mid West
* Recently signed off take agreement with Medium sized Chinese mill
* Key relationships in place to help with development of major projects.

To my way of looking at it both have a number of down sides but I don't focus too much on that.

Hope it helps