US ultra low interest rate was intended to alleviate GFC impact....

US ultra low interest rate was intended to alleviate GFC impact. However until now, it is still remain this low...this helped to fuel US stock market to history new high like never before.

How can this be comparable to aussie situation? We never open our floodgate like US.

You bought the stock bcoz of experts or forums write ups? I can comfortably tell you, such fancy speculation will not work.

The only way to make the stock higher would be, earning the real cash in. Iron ore price is too volatile to make investors comfortable to push the price eay beyond its fundamental....and whats the fundamental? Cash. If there is another 100m aud into mgx coffer, i doubt the share price will not reflect such money into share price.

And such low share price make aussie stock market a safe place to invest. You put your money in dowjones, FED hike up the rate, you might be crying losing money.

My two cents.