Reading some business articles of late and it appears the world economy is at a recovery phase which we maybe looking a commodity price improvement in the near to long term. In addition, the iron ore recovery and etal commodities are stating that its not all premised through China demand but the rest of the world recovery which is providing the underlying recovery in the iron ore and the rest of the commodity materials particularly the likes of copper.
Interesting times for MGX:
Possible acquisition.
Commissioning of Koolan Island in 2019- with improved revenue
Demand for premium Iron Ore current price approx $100 tonne
World economy recovery.
Healthy dividend yield
Strong cash position
MGX Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
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