MGX 3.39% 30.5¢ mount gibson iron limited

I think people trust management and that people are also stupid....

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  1. 197 Posts.
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    I think people trust management and that people are also stupid. ...Cash went up 8cps and share price has only gone up 6cps. I'm surprised none of the directors bought shares in the past year. That quote someone posted this week said it all: Sometimes the best investment is not making any investment.

    I’m curious if MGX have upset the applecart by not spending any money. Australian investment banks and advisors would be doing it tough at the moment and must be badgering MGX to use their services to analyse this or takeover that. Could be there is pressure to not cover MGX or report them in a positive light. We see these pathetic money sinking juniors and mid miners (like AGO) that always get positive media articles, yet cashed up MGX can’t get anything positive. It’s been that way for years.
 
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