https://www.businessnews.com.au/article/Iron-ore-survivors-plan-reset, page-7

Hi tokyo,

I noted your post on the Bci threads also - i hold both Bci & Mgx.

For Bci, its a case of short term pain for longer term gain. Still hard on current holders and there is currently a bit of wrist slashing going on over there.....

I don't want this post to be cross promoting, so just a very basic difference between the two co's -

* MGX have a stack of cash, but no concrete plan as to what to do with it.... I view it as a hold.
* BCI have little cash, but have a definite plan about where they are heading.... I view it as a buy.

From my position, i sleep better holding Mgx simply because of the cash, but would like to know what they intend to do with it.....

Interesting times for both co's in fact.

Hopefully some news on the BI settlement for Mgx holders prior to Xmas???