MGX 3.39% 30.5¢ mount gibson iron limited

to join the conversation If MGX directors and management have a...

  1. 3,015 Posts.
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    to join the conversation
    If MGX directors and management have a thought that the IO glut will cause further upheaval in china, (and other countries)...then the flow - on effect would be to Australia and every other country. The values of many businesses would be hurt (as would the quality of life for individuals.) .... a recession would be in the air ....and MGX can wait (if they see this future as many do see things getting worse (see ARI) ) and get much better deal possibilities in the future. Their bank account is NOT going to disappear.
    I wouldn't be surprised to hear that companies are approaching MGX for assistance. But I would just wait for another year myself, and see where the winds are blowing.
    meantime....wish the SP would increase.
    Just my opinion.
 
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