MGX 0.83% 30.3¢ mount gibson iron limited

Looks Weak, page-2

  1. 1,545 Posts.
    lightbulb Created with Sketch. 60
    I'd think its just a case of Divie buyers now exiting.....

    Yes, some sp weakness looks imminent, but this may just present a good buying op for the longer term holders. IO price has risen slightly over the last month or so and AUD has fallen.

    Once the construction risk subsides (yes, bad choice of words....) & mining at KI comes on line, buyers will flock back to get access to Australia's highest grade ore reserve.

    GLTALTH.
 
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