MGX 2.34% 31.3¢ mount gibson iron limited

MGX Diversification, page-5

  1. 9,332 Posts.
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    Hi Guys, thanks for your thoughts, the company seems to be in a good position cash wise and the rest of the market seems quite depressed so just seems that there should be some opportunities out there and to use the opportunity to diversify into something else, I am sure the company's skill set would be transferable to other commodities. One of the reasons I didn't participate in the recent AGO capital raising was that they seemed to be persisting with IO, it may turn around but it looks like a hard slog for the next few years at least IMHO. I would look at MGX favourably if there was plans to diversify, not sure if they are going to pay a massive dividend in the current climate, would probably leave them feeling a bit exposed.
    Thx
 
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