MGX 3.39% 30.5¢ mount gibson iron limited

Need to remember that there are hundreds if not thousands of...

  1. 197 Posts.
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    Need to remember that there are hundreds if not thousands of investors with >$300M out there looking for deals at the moment. And since every mine in the last few years has been capital starved, if they buy one it will probably need a massive capex injection in the near future. These companies are polishing up their turds to sell so they can afford to keep the good mines for themselves. I'd be worried if MGX magically find a good money making mine that someone wants to sell. The only way for them to find a gem is by actually finding it in the ground with exploration. Would love to see them throw 30 million towards a few junior exploration companies in partnership and see what happens. Or just startup KI again.
 
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