MGX 0.00% 32.0¢ mount gibson iron limited

quarterly activities report due, page-6

  1. 1,571 Posts.
    watch this stock!! Just read the quarterly report with mixed views. I now believe that i will watch the directors holdings in the next 2 months leading up to production??? in november/december for shipping in january. Allowing a project to get out of hand by six months does not show good strong management but on the flipside they have made decisions on the subcontracting issue of the mine to negate the strong AUD and keep the anticipated profit after tax figure at a healthy $9m for 2004 year. Not bad for a company with a market cap of $34m. With all the directors having options that expire on 31dec at 25c strike we may see a move this year so they can be in the money maybe?? Any thoughts??

    stoss
 
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