MGX 3.39% 30.5¢ mount gibson iron limited

without doubt the SP pressure imo is this rumour of the...

  1. 15,774 Posts.
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    without doubt the SP pressure imo is this rumour of the potential coal acquisition. it for me is bad on so many levels, one , fossil fuel like coal are increasingly on the nose and shunned by many institutions
    two, is is a commodity under LT structural demand decline
    three, it is too big an asset price wise for MGX to purchase and goes directly against the the guidance i received that they would be looking to spread the cash across more assets

    words would could not describe how disappointed i would be to see them spend all their cash and end up in significant debt on this
 
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