MGX - Mount Gibson Iron

chicken said:

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.....

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johnno261 said:

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

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chicken said:

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....

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el_ninj0 said:

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.....

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laurie said:

Who has the best mine Cazaly Resources or MGX!!

cheers laurie

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johnno261 said:

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!

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laurie said:

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

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el_ninj0 said:

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).

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johnno261 said:

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!!

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johnno261 said:

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

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laurie said:

I know who my money's on winning

cheers laurie

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chicken said:

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....

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johnno261 said:

Chicken's been perusing H/C

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Lucstar said:

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?

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johnno261 said:

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

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