MGX - Mount Gibson Iron
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Re: MGX
Take it easy chicken.....i have never denied once that that mgx will not reach the price heights or the reputation that you have declared...if all that is claimed about the stock is true and correct no problems...but my money is my money and i will decide when i think would be the best time to enter a trade...so i take the most critical view and in most cases the most critical analysis will enable you to find a lowest possible price and the probabilty that it will touch there for an intra day low or even a longer period..it also allows you to establish the probability of the highest possible price like the shaw analysis but you must remeber shaw has an established conflict of interest as it holds the stock and good luck to them but note i am no less qualified than most of the shaw analysis team and have a level of experience as well.
There are over 1400 stocks listed on the market as well as the large number of installment warrants which superannuation funds are confident and legislation allows them to invest in as well on top of this there are huge amounts of derivatives as well so at anytime these financial instruments present better trading and entry points for long term trades than mgx and at sometime mgx will present a great trading opportunity and medium to long term entry point as well like the other day and had i known a little more about the stock then i most likely would have bought in but i have learnt an incredible lot from the mgx postings and this has saved me valuable time by chatting to people who have the stock read the announcements and some good research & are experienced as well as those that have great bullish views and some that have moderate views and some critical, and by this i have been able to establish price ranges for the stock with regard to certian news.
Also Chicken there maybe a huge announcement today or next week and the stock could go thru the roof and then you can get on here and post "see analyst i was right and you were wrong you missed out on a good stock" but that wont bother me either at the end of the day i have my capital it is safe and i couldnt see into the future accurately enough to see this great announcement and tough i missed out and it happens all the time..the important thing to me is to get the greatest amount of probabilties that i can gather to have a winning trade.
I represent other investors and traders like myself and there are many like you...and i say cool let that be i have no qualms with that.....
chicken said:
Take it easy chicken.....i have never denied once that that mgx will not reach the price heights or the reputation that you have declared...if all that is claimed about the stock is true and correct no problems...but my money is my money and i will decide when i think would be the best time to enter a trade...so i take the most critical view and in most cases the most critical analysis will enable you to find a lowest possible price and the probabilty that it will touch there for an intra day low or even a longer period..it also allows you to establish the probability of the highest possible price like the shaw analysis but you must remeber shaw has an established conflict of interest as it holds the stock and good luck to them but note i am no less qualified than most of the shaw analysis team and have a level of experience as well.
There are over 1400 stocks listed on the market as well as the large number of installment warrants which superannuation funds are confident and legislation allows them to invest in as well on top of this there are huge amounts of derivatives as well so at anytime these financial instruments present better trading and entry points for long term trades than mgx and at sometime mgx will present a great trading opportunity and medium to long term entry point as well like the other day and had i known a little more about the stock then i most likely would have bought in but i have learnt an incredible lot from the mgx postings and this has saved me valuable time by chatting to people who have the stock read the announcements and some good research & are experienced as well as those that have great bullish views and some that have moderate views and some critical, and by this i have been able to establish price ranges for the stock with regard to certian news.
Also Chicken there maybe a huge announcement today or next week and the stock could go thru the roof and then you can get on here and post "see analyst i was right and you were wrong you missed out on a good stock" but that wont bother me either at the end of the day i have my capital it is safe and i couldnt see into the future accurately enough to see this great announcement and tough i missed out and it happens all the time..the important thing to me is to get the greatest amount of probabilties that i can gather to have a winning trade.
I represent other investors and traders like myself and there are many like you...and i say cool let that be i have no qualms with that.....
Re: MGX
So far analyst you have NOT posted anything of substance..MGX earnings,PE or anything which might indicate you know...all I see is a lot of typing with nothing in it..like a politician...they can spout all day and say nothing..just a rattle...so how much money will MGX make profit this year or in the last quater..see you dont know....or as Schultz would say...I KNOW NOTTING...I rest my case...or you have not answered me are you involved with XTRATA...
So far analyst you have NOT posted anything of substance..MGX earnings,PE or anything which might indicate you know...all I see is a lot of typing with nothing in it..like a politician...they can spout all day and say nothing..just a rattle...so how much money will MGX make profit this year or in the last quater..see you dont know....or as Schultz would say...I KNOW NOTTING...I rest my case...or you have not answered me are you involved with XTRATA...
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Re: MGX
P/E of 9 from the last full net earnings meaning that the share price has been multiplied 9 times by the net earnings per share being roughly 7.7 cents per share on a share price of 70 cents ..but afair bit has happened since then and the stock is extremely volitile...as well as an earnings down grade which equates to a share price of between 55 and 60 cents on the current p/e applied to by the market.
Could you please tell me what its net earnings were for the full yr and until dec 30 this yr and also a history ogf its quarterly earnings.
All this in palce an accurate price can not be applied to mgx such as can be placed on a bluechip.....but it is a really good story for mgx so far and something that a lot of people can be proud of the work that they have done in getting the company to this stage not many miners actually make it and a good pick by those who invested.
Chicken could you please tell me what hematite is and what its function is in iron ore as well as magnetite and the iron pellets i am really keen in hearing about these as i never knew they existed until now and if you dont want to tell me chicken would some else be kind enough to explain?
Can you
chicken said:So far analyst you have NOT posted anything of substance..MGX earnings,PE or anything which might indicate you know...all I see is a lot of typing with nothing in it..like a politician...they can spout all day and say nothing..just a rattle...so how much money will MGX make profit this year or in the last quater..see you dont know....or as Schultz would say...I KNOW NOTTING...I rest my case...or you have not answered me are you involved with XTRATA...
P/E of 9 from the last full net earnings meaning that the share price has been multiplied 9 times by the net earnings per share being roughly 7.7 cents per share on a share price of 70 cents ..but afair bit has happened since then and the stock is extremely volitile...as well as an earnings down grade which equates to a share price of between 55 and 60 cents on the current p/e applied to by the market.
Could you please tell me what its net earnings were for the full yr and until dec 30 this yr and also a history ogf its quarterly earnings.
All this in palce an accurate price can not be applied to mgx such as can be placed on a bluechip.....but it is a really good story for mgx so far and something that a lot of people can be proud of the work that they have done in getting the company to this stage not many miners actually make it and a good pick by those who invested.
Chicken could you please tell me what hematite is and what its function is in iron ore as well as magnetite and the iron pellets i am really keen in hearing about these as i never knew they existed until now and if you dont want to tell me chicken would some else be kind enough to explain?
Can you
Re: MGX
So far the only thing you have done rattle and down ramped a stock where you have NOT posted facts..and are still doing it....MGX have billionsin $$$of Iron ore in the ground and are minig it making $$$ and are DEBT FREE.....so where is your problem......this comany is going to be no 4 in Australia in iron ore production...they are producing ,SELLING all they are producing......they have mines which is producing right...$$$$$ are made and NO CASH burn.....now regards paying a div....well 2007 will be fine as the company will be heaLTHYTheAnalyst said:
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Re: MGX
Are you going to answer my questions?? or are you going to keep on with this behaviour...my next step Chicken will be asking the moderator if they can warn you to stop posting this stuff to me continually...once in a while..yer..ok..but it is becoming excessivley compulsive of you...i have tried to be nice to you and respect your veiws...actually..i have shown respect to you and your trading plan...in the mean time would some body help with the questions that i asked??
chicken said:So far the only thing you have done rattle and down ramped a stock where you have NOT posted facts..and are still doing it....MGX have billionsin $$$of Iron ore in the ground and are minig it making $$$ and are DEBT FREE.....so where is your problem......this comany is going to be no 4 in Australia in iron ore production...they are producing ,SELLING all they are producing......they have mines which is producing right...$$$$$ are made and NO CASH burn.....now regards paying a div....well 2007 will be fine as the company will be heaLTHY
Are you going to answer my questions?? or are you going to keep on with this behaviour...my next step Chicken will be asking the moderator if they can warn you to stop posting this stuff to me continually...once in a while..yer..ok..but it is becoming excessivley compulsive of you...i have tried to be nice to you and respect your veiws...actually..i have shown respect to you and your trading plan...in the mean time would some body help with the questions that i asked??
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Re: MGX
Chicken mgx is not debt free read the shaws report it has a debt/equity ratio
TheAnalyst said:
Chicken mgx is not debt free read the shaws report it has a debt/equity ratio
Re: MGX
Well funny that Analyst and answer me that how many $$$ have they got in the Bank..as far as debts those few mills they could pay that with the money in the bank a few times over see you are still downramping this stock..you dont have any MGX why do bother poisting..tell me that..so far all you do is rattle as far as answering you stupid question what Hematic is..I know, DO YOU
Well funny that Analyst and answer me that how many $$$ have they got in the Bank..as far as debts those few mills they could pay that with the money in the bank a few times over see you are still downramping this stock..you dont have any MGX why do bother poisting..tell me that..so far all you do is rattle as far as answering you stupid question what Hematic is..I know, DO YOU
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Re: MGX
I am sitting here and genuinly would like to hear what you know about these resources and maybe and probally there are other people who would like a summary of the information...
hope to hear what you have to say Chicken...if not maybe someone else can share what they know of the above mentioned resources
chicken said:
I am sitting here and genuinly would like to hear what you know about these resources and maybe and probally there are other people who would like a summary of the information...
hope to hear what you have to say Chicken...if not maybe someone else can share what they know of the above mentioned resources
Re: MGX
If it's not on their web page then it's pointless asking someone else! if someone does know then it's inside information.....and who ever is buying and selling in large volumes must has access to that information JMHO
cheers laurie
TheAnalyst said:
If it's not on their web page then it's pointless asking someone else! if someone does know then it's inside information.....and who ever is buying and selling in large volumes must has access to that information JMHO
cheers laurie
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Re: MGX
Sorry Laurie, but i was asking about where these two materials come to be in the process of steel making.
Do you know??
laurie said:If it's not on their web page then it's pointless asking someone else! if someone does know then it's inside information.....and who ever is buying and selling in large volumes must has access to that information JMHO
cheers laurie
Sorry Laurie, but i was asking about where these two materials come to be in the process of steel making.
Do you know??
Re: MGX
as I said before if you dont understand what you use iron ore and the magnetic hematic..well I WOULD SUGGEST you find a job in an office because next thing you want me to show you how to use a computer..get off the grass and look it up..next thing you dont know what iron ore is used for...I am sure you playing games I know the answer...and I am sure you do to so get of the grass or whatever you smoke..genuin e...my footTheAnalyst said:
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Re: MGX
If you want to keep getting smart chicken i will tell you where you can find me and also dont ever accuse me of being a drug user becuase i am not i am still at a loss as to why this site has'nt suspended you as i gather our posts are drawing a lot of attention and they maybe getting paid for advertising by the number of hits a thread recieves...any way i am often at the ASX in Collins Street Melbourne so when ever you are ready and i dont care how old you are coz you are just a smart mouth come and say some of this stuff to my face and bring who you like because believe me you will get a surprise.
If you arnt sure who i am just look for a really well built fit guy with fair hair and blue eyes and ask the regulars there which one is the known boxer and kickboxer....because i have had ya you DOG of a man that u are...ANYTIME
chicken said:
If you want to keep getting smart chicken i will tell you where you can find me and also dont ever accuse me of being a drug user becuase i am not i am still at a loss as to why this site has'nt suspended you as i gather our posts are drawing a lot of attention and they maybe getting paid for advertising by the number of hits a thread recieves...any way i am often at the ASX in Collins Street Melbourne so when ever you are ready and i dont care how old you are coz you are just a smart mouth come and say some of this stuff to my face and bring who you like because believe me you will get a surprise.
If you arnt sure who i am just look for a really well built fit guy with fair hair and blue eyes and ask the regulars there which one is the known boxer and kickboxer....because i have had ya you DOG of a man that u are...ANYTIME
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Re: MGX
Using Fundamental Analysis to Choose a Stock
Perhaps the easiest way to approach fundamental analysis is to think of yourself as someone who is about to purchase a business (in fact this is exactly what you are doing). Next, think of key drivers for the business and its growth in value. In the case of Zinifex (like most mining companies) key drivers of value (or share price) are profits and mine life and the directors dont sell their shares or use some excuse like the train is running late. So how do these stack up for Zinifex as say to MGX well ten years for a mine is not really a genuine business is it you would be better of say buying a fisn'n chip shop or open a stall at a local rag market.
Mine Life
Mine life is how long the mine will remain operational and is determined by the size and quality of the ore body underground. One way a mining company can be re-rated and experience share price growth is if it discovers the ore body its mining is bigger or better than expected. Of course this will only happen if it’s actually looking! The good news for investors is that Zinifex is looking and finding and we dont know about MGX though. If you check its ASX announcements you’ll see an announcement dated 25 August called the ‘Preliminary Final Report’. On page 2 under ‘Highlights’ we see that a key part of Zinifex’s strategy is to grow through exploration not sure about MGX though. Only 3 months later an announcement dated 25 October gives us initial results that suggest the Roseberry Mine could be bigger than first expected. This is good news for two reasons: firstly management is building market confidence by meeting targets but so far MGX hasnt and major shareholders are becoming unmajor shareholders; and secondly the mine will be profitable for longer but it has to last more than a measly ten years though just look at the MGX mine be lucky to last 10 years. Both of these can trigger share price growth but if they dont deliver the opposite.
Profits
Profits are what a business is left with after expenses; they can be paid out as dividends to investors(MGX dont like to share with their investors) or used to grow a business further or used for what the directors think best like they do at MGX. Zinifex has an excellent record of profits to date. Initially the company forecast a $63million profit for financial year 2005. Impressively it achieved a profit of $234million on the back of strong Lead and Zinc prices something MGX couldnt do actually they fell short of their promised target said something like the trains are running late, showing a healthy business that’s experiencing strong demand for its products. This also indicates that management is not only meeting targets but tending to under promise and over deliver, a great confidence builder for investors but not if you own to much MGX.
chicken said:
Using Fundamental Analysis to Choose a Stock
Perhaps the easiest way to approach fundamental analysis is to think of yourself as someone who is about to purchase a business (in fact this is exactly what you are doing). Next, think of key drivers for the business and its growth in value. In the case of Zinifex (like most mining companies) key drivers of value (or share price) are profits and mine life and the directors dont sell their shares or use some excuse like the train is running late. So how do these stack up for Zinifex as say to MGX well ten years for a mine is not really a genuine business is it you would be better of say buying a fisn'n chip shop or open a stall at a local rag market.
Mine Life
Mine life is how long the mine will remain operational and is determined by the size and quality of the ore body underground. One way a mining company can be re-rated and experience share price growth is if it discovers the ore body its mining is bigger or better than expected. Of course this will only happen if it’s actually looking! The good news for investors is that Zinifex is looking and finding and we dont know about MGX though. If you check its ASX announcements you’ll see an announcement dated 25 August called the ‘Preliminary Final Report’. On page 2 under ‘Highlights’ we see that a key part of Zinifex’s strategy is to grow through exploration not sure about MGX though. Only 3 months later an announcement dated 25 October gives us initial results that suggest the Roseberry Mine could be bigger than first expected. This is good news for two reasons: firstly management is building market confidence by meeting targets but so far MGX hasnt and major shareholders are becoming unmajor shareholders; and secondly the mine will be profitable for longer but it has to last more than a measly ten years though just look at the MGX mine be lucky to last 10 years. Both of these can trigger share price growth but if they dont deliver the opposite.
Profits
Profits are what a business is left with after expenses; they can be paid out as dividends to investors(MGX dont like to share with their investors) or used to grow a business further or used for what the directors think best like they do at MGX. Zinifex has an excellent record of profits to date. Initially the company forecast a $63million profit for financial year 2005. Impressively it achieved a profit of $234million on the back of strong Lead and Zinc prices something MGX couldnt do actually they fell short of their promised target said something like the trains are running late, showing a healthy business that’s experiencing strong demand for its products. This also indicates that management is not only meeting targets but tending to under promise and over deliver, a great confidence builder for investors but not if you own to much MGX.
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Re: MGX
This thread just keeps getting better and better, not only did I make a nice profit on MGX because of it, now I am getting some good laughs reading the heated conversation between chicken and analyst. Keep it up lads!
This thread just keeps getting better and better, not only did I make a nice profit on MGX because of it, now I am getting some good laughs reading the heated conversation between chicken and analyst. Keep it up lads!
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Re: MGX
iTs so funny...profitseeker even i cant stop laughing..but i am glad your making some dough out of it because after reading all the prior posts i know that CHICKEN certianly aint...this is a good place to hang **** on chicken...i might even start a thread called hang **** on chicken and even give him a stock code....DOG
profithunter said:
iTs so funny...profitseeker even i cant stop laughing..but i am glad your making some dough out of it because after reading all the prior posts i know that CHICKEN certianly aint...this is a good place to hang **** on chicken...i might even start a thread called hang **** on chicken and even give him a stock code....DOG
Re: MGX
But I definetly would put money with chicken - apart from all the ramping
he has the best insight into companies on this forum and seems to be
the only one that actually researches the companies and doesn't come up
with all this bull about a double bottom and other chart nonsense , the only
way to pick winners is by analyzing the fundamentals of a company, they
mightn"t always go up straight away but in the long term they will . So I think you have got a long way to go ( SBM , ZFX say no more ) before you are in chicken's league. And no I am not his son.
TheAnalyst said:
But I definetly would put money with chicken - apart from all the ramping
he has the best insight into companies on this forum and seems to be
the only one that actually researches the companies and doesn't come up
with all this bull about a double bottom and other chart nonsense , the only
way to pick winners is by analyzing the fundamentals of a company, they
mightn"t always go up straight away but in the long term they will . So I think you have got a long way to go ( SBM , ZFX say no more ) before you are in chicken's league. And no I am not his son.
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Re: MGX
Taking sides are we??? I have never said anything about where mgx. zfx or sbm will go in the long term so what do u know about me? and i what i actually think of a particular stock big gobb..the first thing i ever said about mgx actually happened.....so read my posts before you give an opinion about how far i have to go...And who is to say i dont analyz the fundamentals...I am a fundamentalist....and i have never said mgx is gonna go down the toilet either...if you have such a good mouth why dont you give me a summary like i asked earlier on in the day about mgx and asked that dog chicken nicely but like the smart mouth that he is refused to answer and only critised...i have only pointed out that MGX has a terminal value accirding to fundamentals and if chicken knows anything about fundamentals he would know what terminal value means and perpetuity means as well and so would you??...but he cant admit it...i have been happy to admit what i dont know but you and him now wont explain...so answer the questions just like markamu does and he is level headed doesnt take sides..just goes about his business....doesnt think that if someone hasnt the emotional feel for the stock like chicken should not have a say on the thread.
Chicken seems to be one of those old cockies that dont like to admit that a younger guy knows more than him...any way chicken hasnt got anything to be proud of we are going thru a mining boom and just like the dot com back in the late 90's any one could pick a dot com and make money i seen heaps of em and some thought they knew the market like chicken and because he picked 3 mining stocks thinks he is a boffin but can he pick the ones out side the mining bubble and make money...i reckon he cant and i actually know he cant and the fact is i can and lets see if chicken can read economic cycles and get out before they crumble with his dough...remember how they are now talking about dot com Senatas i held that stock in 99 and 2000 i was out at the top when it hit $2.20 or over and i traded it numerous times and now they are raving about it again...if you wanna challenge me to i will be happy to meet you at the asx with my buy and sell certifcates from that time just like i have done before to others i can prove what i do....and i know how to shut mouths as well..
Anyway put this on the record i now say that ..."mgx will possibly at one stage on the basis that what it has announced to the market is true and correct will reach a price over $1.40 and it will become the 3rd biggest iron ore producer in Australia on what it states" I also state that there will be stages like this week that its price will suddenly drop and i will be keeping my eyes on it that if i find that at anytime that its price drops to a place that fundamentally is below its true valuation and it gives me arbritage i definitely will but at this stage i say at anywhere below 55 cents and once those trains arrive its share price should get a bit more support.
So you tell me whats wrong with what i state?? what i stated has actually happened already and it was unexpected.
trader said:
Taking sides are we??? I have never said anything about where mgx. zfx or sbm will go in the long term so what do u know about me? and i what i actually think of a particular stock big gobb..the first thing i ever said about mgx actually happened.....so read my posts before you give an opinion about how far i have to go...And who is to say i dont analyz the fundamentals...I am a fundamentalist....and i have never said mgx is gonna go down the toilet either...if you have such a good mouth why dont you give me a summary like i asked earlier on in the day about mgx and asked that dog chicken nicely but like the smart mouth that he is refused to answer and only critised...i have only pointed out that MGX has a terminal value accirding to fundamentals and if chicken knows anything about fundamentals he would know what terminal value means and perpetuity means as well and so would you??...but he cant admit it...i have been happy to admit what i dont know but you and him now wont explain...so answer the questions just like markamu does and he is level headed doesnt take sides..just goes about his business....doesnt think that if someone hasnt the emotional feel for the stock like chicken should not have a say on the thread.
Chicken seems to be one of those old cockies that dont like to admit that a younger guy knows more than him...any way chicken hasnt got anything to be proud of we are going thru a mining boom and just like the dot com back in the late 90's any one could pick a dot com and make money i seen heaps of em and some thought they knew the market like chicken and because he picked 3 mining stocks thinks he is a boffin but can he pick the ones out side the mining bubble and make money...i reckon he cant and i actually know he cant and the fact is i can and lets see if chicken can read economic cycles and get out before they crumble with his dough...remember how they are now talking about dot com Senatas i held that stock in 99 and 2000 i was out at the top when it hit $2.20 or over and i traded it numerous times and now they are raving about it again...if you wanna challenge me to i will be happy to meet you at the asx with my buy and sell certifcates from that time just like i have done before to others i can prove what i do....and i know how to shut mouths as well..
Anyway put this on the record i now say that ..."mgx will possibly at one stage on the basis that what it has announced to the market is true and correct will reach a price over $1.40 and it will become the 3rd biggest iron ore producer in Australia on what it states" I also state that there will be stages like this week that its price will suddenly drop and i will be keeping my eyes on it that if i find that at anytime that its price drops to a place that fundamentally is below its true valuation and it gives me arbritage i definitely will but at this stage i say at anywhere below 55 cents and once those trains arrive its share price should get a bit more support.
So you tell me whats wrong with what i state?? what i stated has actually happened already and it was unexpected.
