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3.39%

30.5¢ mount gibson iron limited

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Gillysrooms

9,304 Posts.

64

08/06/16

09:30

Post #: 17979836
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Originally posted by Autosime ↑

Gilly
What a baseless and xenophobic post . It's ok when the Chinese poor billions of dollars into our resources , even too keep some companies afloat , but when they are a major holders in companies with cash , you suggest they are in it for themselves. They being major shareholders have lost significant dollars in both MGX and GRR, and they no doubt want to utilise some of the retained profits to move into other higher returning sectors/assets. If they were interested in themselves , they could distribute cash or buy back shares to increase their % holdings , but they haven't done either. As Chinese controlled companies , they would be assessing opportunities in line with what will provide the best return for them as shareholders, probably aligned with what the know Chinese demand ( and by extension us) GRr for example have a internal IRR benchmark of 15%, which means the opportunities they have seen are not attractive enough

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I am basing my baseless and xenophobic post on my experience with MGX and other similar companies, but i wont be upset if they prove me wrong and make you lots f money.

Last edited by Gillysrooms: 08/06/16

MGX Price at posting: 20.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 30.5¢		Change 0.010(3.39%)		Mkt cap ! $365.5M

Open	High	Low	Value	Volume
29.5¢	30.5¢	29.5¢	$42.02K	139.7K

Buyers (Bids)

No.	Vol.	Price($)
2	104867	30.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.5¢	355340	6

View Market Depth

No.	Vol.	Price($)
1	37120	0.920
3	45770	0.915
3	31253	0.910
3	68342	0.905
2	44392	0.900

Price($)	Vol.	No.
0.925	15328	2
0.930	89494	6
0.935	70442	3
0.940	72592	7
0.945	128342	5

Last trade - 16.10pm 29/11/2024 (20 minute delay)

MGX (ASX) Chart