MGX 0.00% 33.5¢ mount gibson iron limited

quarterly activities report due, page-3

  1. 18,601 Posts.
    lightbulb Created with Sketch. 4
    yeah it's a good spec play and if it gets mining going there is still plenty of time to buy some more, don't need to pick the very bottom of the market so waiting and seeing isn't such a bad approach.

    Since my rubbery figures calculation another follower suggested that despite nullifying effects of rising A$ other cost savings will be realised which should see $8 remain intact, I dunno....I prefer to take a more cautious outlook however, anything above $4 is a bonus.

    A lower risk way to go is to wait and see, plenty of opportunities to get some on (hopefully) the way up, and if there is no positive news it will surely fall.

    By the way, word is that quarterly will come out today not tomorrow.
 
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