MGX 1.59% 32.0¢ mount gibson iron limited

Australian financial review, page-14

  1. 2,000 Posts.
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    Agree. The other big differentiator is that AGO has the CAPACITY to produce a lot more IO than MGX, so the negativity of debt is balanced by the speculative value of that capacity.

    Also, don't forget that a very large proportion of AGO's paper is held by the debt holders, essentially reducing the shares that are traded.
 
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