guys, analysts are always behind the curve, if you listened to...

guys, analysts are always behind the curve, if you listened to huntley over the past year you would have seriously done your dough.

although mgx won't make a profit this year, if io prices fall by 10-20% next year, even after a 10% discount to that mgx will still be making good money.

also the real value in mgx is the strategic value of its assets. the chinese are willing to buy equity at 60c which should have put a floor under the sp at that price. the fact mgx is trading at 1/3 of that price just goes to show the severe irrationality of the market.

imo between now and closure of the shougang deal mgx will receive other offers. i don't think other chinese/international players are going to let her go for just 60c


so forget about huntley and his "valuation" of mgx