MGX - Mount Gibson Iron

[chicken]

Re: MGX

there seems to be more interest in this stock....as I said DECMBER this stock will move....Chinese will buy their shares all 60 million of it and iron ore price maybe known....the broker who seems to spoil the party still very active must be accumulating as it started in March 2005.....

 

[johnno261]

Re: MGX

there seems to be more intrest in this stock....as I said DECMBER this stock will move....Chinese will buy their shares all 60 million of it and iron ore price maybe known....the broker who seems to spoil the party still very active must be accumilating as it started in March 2005.....

Volume down a 3rd today compared with yesterday.Yesterday was the first day brokers could not see each others codes on the trading platform!! Wonder if some reason that caused increased volumes?
Good to see MGX closing on daily high of 86.5.
Cheers
Johnno

 

[chicken]

Re: MGX

Volume down a 3rd today compared with yesterday.Yesterday was the first day brokers could not see each others codes on the trading platform!! Wonder if some reason that caused increased volumes?
Good to see MGX closing on daily high of 86.5.
Cheers
Johnno

Johnno, a sale went through 2.5 million shares for 86.32 cents....I wonder??? MGX will come alive...broker is still trying to keep it down...wait the December announcements...will be exceptional....

 

[johnno261]

Re: MGX

Johnno, a sale went through 2.5 million shares for 86.32 cents....I wonder??? MGX will come alive...broker is still trying to keep it down...wait the December announcements...will be exceptional....

Chicken please fill me in on todays movements with MGX. Been flat out with my business today!!! What was the 2.5 million?Cheers mate!

 

[el_ninj0]

Re: MGX

Looking very good guys, slight drop back today, but that can be expected due to our friend the manipulator.
Chart looks like a breakout. Hopefully it continues for a while, im still waiting on that $1.10 mark, i'd say it should reach it very soon, but again thats only speculation.
Increased volume is a good sign, but really it should have started increasing in volume some time ago.
In my opinion MGX is yet to show its potential to the market, people are still holding back until december announcements.
That 2.5m trade is interesting.....

 

[laurie]

Re: MGX

Who has the best mine Cazaly Resources or MGX!!

cheers laurie

 

[johnno261]

Re: MGX

Looking very good guys, slight drop back today, but that can be expected due to our friend the manipulator.
Chart looks like a breakout. Hopefully it continues for a while, im still waiting on that $1.10 mark, i'd say it should reach it very soon, but again thats only speculation.
Increased volume is a good sign, but really it should have started increasing in volume some time ago.
In my opinion MGX is yet to show its potential to the market, people are still holding back until december announcements.
That 2.5m trade is interesting.....

El_ninjo, What normally comes hand in hand with a BFS? Answer: Dilution!!! People are concerned about dilution, but they have to remember it's a catch 22 scenario. For a company to progress, extra funds are required to help develop it!!Simple as that!!!!!
Having said that, from a tax point of view, its good for a company to have some debt as silly as that may sound.
Chart looks great and I do agree, a breakout is imminent!! $1.10 you will get easily short term. A positive is the increased volume too.

 

[johnno261]

Re: MGX

Who has the best mine Cazaly Resources or MGX!!

cheers laurie

Laurie I wouldn't even compare CAZ & MGX. CAZ is not an investment at present. It's a gamble, no doubt about it!!! Relying on a single decision. It could tumble as fast as it's risen!

 

[laurie]

Re: MGX

Laurie I wouldn't even compare CAZ & MGX. CAZ is not an investment at present. It's a gamble, no doubt about it!!! Relying on a single decision. It could tumble as fast as it's risen!

Really they [MGX] should have a price of what CAZ are now!! I feel like selling MGX but resist the temptation to do so

cheers laurie

 

[el_ninj0]

Re: MGX

Really they [MGX] should have a price of what CAZ are now!! I feel like selling MGX but resist the temptation to do so

I have had the same feeling laurie, but have also resisted for quite some time. I bought in too early and have been restless with the slow growth ever since, but i knew the day would come when it would be at the stage it is now.
I only wish it had come sooner...
Although im a fair way in the green, i just wish it had come faster(dont we all).

 

[johnno261]

Re: MGX

I have had the same feeling laurie, but have also resisted for quite some time. I bought in too early and have been restless with the slow growth ever since, but i knew the day would come when it would be at the stage it is now.
I only wish it had come sooner...
Although im a fair way in the green, i just wish it had come faster(dont we all).

MGX is being hit with a 2.5million dollar writ from The Crushing Crontractor stating that the dirt being crushed was too abrasive!!!!Mr. Luke Tonkins was very agressive in saying that they will fight this hard.Not big dollarsbeing sought after, however under the contract,wrong!!

 

[johnno261]

Re: MGX

MGX is being hit with a 2.5million dollar writ from The Crushing Crontractor stating that the dirt being crushed was too abrasive!!!!Mr. Luke Tonkins was very agressive in saying that they will fight this hard.Not big dollarsbeing sought after, however under the contract,wrong!!

I have been aware of this dispute between MGX and The Crushing Contractor, for some time now, so it's actually good that it is coming to a finalization point in the short term!!!!
MGX said in these exact words,"We will fight this tooth and Nail,there's no doubt about it"!!!!

 

[laurie]

Re: MGX

MGX said in these exact words,"We will fight this tooth and Nail,there's no doubt about it"!!!!

I know who my money's on winning

cheers laurie

 

[chicken]

Re: MGX

I know who my money's on winning

cheers laurie

Its come to hand that brokers are identifying themself with purchases last 3 numbers of shares bought eg 1991.4991,6991 check it out what do they think of next just thought I share this with the board...I am sure that is the way they are doing it now....as it coincidental the no are repeating themself....

 

[johnno261]

Re: MGX

Its come to hand that brokers are identifying themself with purchases last 3 numbers of shares bought eg 1991.4991,6991 check it out what do they think of next just thought I share this with the board...I am sure that is the way they are doing it now....as it coincidental the no are repeating themself....

Chicken's been perusing H/C

 

[johnno261]

Re: MGX

Chicken's been perusing H/C

China is playing funny buggers and saying that Iron Ore imports are going to drop from 260miliion tonnes to 35 million tonnes next year!! Go to Google News and type in Iron Ore!! Cheers

 

[Lucstar]

Re: MGX

Hmmm....this stock has been pretty quiet in the past couple of weeks. What do you guys reckon? Are our hopes still running high? What's the outlook looking like?

 

[johnno261]

Re: MGX

Hmmm....this stock has been pretty quiet in the past couple of weeks. What do you guys reckon? Are our hopes still running high? What's the outlook looking like?

Fundamentals have not changed, hence our minds have not changed. Patience Lucstar will no doubt be rewarded!

 

[chicken]

Re: MGX

Fundamentals have not changed, hence our minds have not changed. Patience Lucstar will no doubt be rewarded!

reading AIR TODAY SAYING OR RUMOUR IS AN INCREASE OF 11% for iron ore price..stick with it we are just about there this one will pop....I am holding

 

[el_ninj0]

Re: MGX

Not too happy with this at the moment. This stock has excellent fundamentals, but something unknown to me (mabey manipulation) is holding it back.
I'll be holding for a long while yet...