re: robertsharron Totally agree robertsharronI am sure the big...

re: robertsharron Totally agree robertsharron

I am sure the big players that have been accumulating over the past 6 weeks were well aware of the facts and are buying a slice of this co for its future and not just this half year.
MGX is a ASX 300 co and it takes a mountain of money to push one from 67c to $1 last week.
I believe they are taking the hit this Quarter and spending lots of $ so everything is in place for the next 12 months and all the little ducks are in a row.

Today is just another transfer of wealth from the inpatient to the patient.

I have alot of respect for Paul100 as we rode Redflex together from 50c to $3.80 where I got out but I feel his view on MGX is very shortsighted

Facts: 34 new rail wagons have arrived
Cash in hand at around $40 million

I have always thought MGX management were a bunch of amateurish bumbling 3 stooges and attending the last 2 AGM has done nothing to alleviate this view but they have taken this co from a 15c non producer to an ASX 300 co in 20 months which is a 500+% return for me
I will hold with confidence as MGX goes from $1 then $2 then $3 and so on

Cheers

kawartha