thoughts

I thought I would do some reading on MGX last night to determine whether I would increase my position I sit on what I have
Interestingly - outside the decent margins , I was most impressed by MGX strategy to set up company now to be very profitable in a lower iron ore environment - strategy is to bring waste removal forward now that cash flow is strong and cash is very strong allowing muh lower costs ( 1st quartile ) in 2-3 years time to ensure profitable comtinues even with much lower prices .
It's is not only prudent but actually clever from a shareholder value point of view as it will allow cash harvesting (there term ) for years to come

I will be a buyer at these levels but will buy a little every couple of days to get god average