MGX 2.44% 42.0¢ mount gibson iron limited

No Debt and $388 Mil in the bank and MGX's SP is still lower...

  1. 2,666 Posts.
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    No Debt and $388 Mil in the bank and MGX's SP is still lower then where it should be - my opinion is that it should be higher as the broker average suggests $2.28 or so.

    The rain has stopped in the midwest and up north so operations must be back in full swing adding to the cash in the bank. Hopefully we get a distribution soon or a good increase in the SP.
 
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