MGX 0.00% 30.5¢ mount gibson iron limited

I agree with Croasian, I have held for a while and it is...

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  1. 121 Posts.
    I agree with Croasian, I have held for a while and it is tempting with the amount of cash they have, but iron ore is still in a massive bubble compared to very long term average prices, in 2 years time it could easily be back under $20, i'm not saying it will but you can't rule it out. Anyone that says high IO prices are here forever/ this time is different... that's been said about a lot of things in history.
 
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