MGX - Mount Gibson Iron

[TheAnalyst]

Re: MGX

Anyone know the difference between magnite and magnesium and what it has to do with steel manufacturing????

This is a KEY question.

 

[chicken]

Re: MGX

Analyst and board,
Correction here, the Hematic which are turned into pallets after checking with a specialist in Iron production has informed me that the pallets are in fact HIGHER in FE ..iron concentration then normal iron ore..they are used in producing a higher quality steel and are in fact more expensive than normal iron ore..so MGX s....Pallets will be desirable to the Chinese as its use for better quality steel.....so the 250mt are now a more attrative business proposition..no wonder the Chinese are still keen to be involved in this project...thanks analyst for asking the question as I did not know myself...had the wrong end of the stick...makes me happy to know that MGX have indeed got a better proposition than I thought.....

Correction..Hematic...should read MAGNETIC..... Also I understand the pellets are for that Chinese Steel manufacturing to meet exports Quality.....so its important for the Chinese to have the pellets for their steel...the plot is getting interesting

 

[johnno261]

Re: MGX

Correction..Hematic...should read MAGNETIC..... Also I understand the pellets are for that Chinese Steel manufacturing to meet exports Quality.....so its important for the Chinese to have the pellets for their steel...the plot is getting interesting

Sorry to sound like a "Know It All" guys, but the MGX shareholders that have done their homework on this stock, have known the above for a few years now,hence my large holding!! The government of China likes the idea of being more environmentally friendly, and with this pellet setup it is less intrusive on the environment!!!

 

[TheAnalyst]

Re: MGX

Sorry to sound like a "Know It All" guys, but the MGX shareholders that have done their homework on this stock, have known the above for a few years now,hence my large holding!! The government of China likes the idea of being more environmentally friendly, and with this pellet setup it is less intrusive on the environment!!!

I think its great johnno that you let us know.....but i would love a bit more indepth explanation of your knowledge in this area and anything that can be of help would be great to listen to.

 

[chicken]

Re: MGX

I think its great johnno that you let us know.....but i would love a bit more indepth explanation of your knowledge in this area and anything that can be of help would be great to listen to.

How about analyst you do some reading on the subject..I told you to go to www.mtgibsoniron.com.au you get most of the information on the subject...as far as some of your question some are relevant but most of them are a dribble so far you have not posted anything positive about this stock..no information so next time you post how about some news or has the iron ore price risen..this is not a chatroom for meeting people but information I like from you...on the subject of MGX......

 

[TheAnalyst]

Re: MGX

How about analyst you do some reading on the subject..I told you to go to www.mtgibsoniron.com.au you get most of the information on the subject...as far as some of your question some are relevant but most of them are a dribble so far you have not posted anything positive about this stock..no information so next time you post how about some news or has the iron ore price risen..this is not a chatroom for meeting people but information I like from you...on the subject of MGX......

Actually, Chicken i have...probally more than what you realise and on top of that research and study on other securities and valuation techniques in regards to mining and industrial companies. Havent you seen some of the stuff i have posted and currently getting together an analyst team made up of different members and setting tasks as plenty of hands make light work and if we including you want to beat some of these professional research houses who have huge capital and trained professionals at their disposal we have to work like this together on this forum so we can get in and get out before thay do.

Something of interest to you ...i have not been able to find any price measurement for magnetite.....do you know??


Without being rude...you are not the Chief Executive Office of this thread

 

[johnno261]

Re: MGX

Actually, Chicken i have...probally more than what you realise and on top of that research and study on other securities and valuation techniques in regards to mining and industrial companies. Havent you seen some of the stuff i have posted and currently getting together an analyst team made up of different members and setting tasks as plenty of hands make light work and if we including you want to beat some of these professional research houses who have huge capital and trained professionals at their disposal we have to work like this together on this forum so we can get in and get out before thay do.

Something of interest to you ...i have not been able to find any price measurement for magnetite.....do you know??


Without being rude...you are not the Chief Executive Office of this thread

The Analyst, you've got no idea if you think you can get in and out of stocks before the big boys!!!!! The closest I have is a program which alerts me when a ASX ann. has been made in relation to MBL becoming a substantial holder.This has done me good on many stocks(TZN/CUO) etc etc The big boys know news long before you and I do Analyst!!!!!!!!

 

[laurie]

Re: MGX

China now consumes 48 per cent of the world's cement and 20 per cent of its copper.

Mr Goode said China would be in what has been termed growth phase 1 through to 2010, and then would enter phase two of even higher growth.

"The world is trying to cope with phase 1, let alone higher consumption demand from 2010."

He said Chinese companies would continue to search the world for new resources that they could control

Hmmmmm that supports chicken claim here some what

cheers laurie

 

[TheAnalyst]

Re: MGX

The Analyst, you've got no idea if you think you can get in and out of stocks before the big boys!!!!! The closest I have is a program which alerts me when a ASX ann. has been made in relation to MBL becoming a substantial holder.This has done me good on many stocks(TZN/CUO) etc etc The big boys know news long before you and I do Analyst!!!!!!!!

Elementary..Johnno..elementary...we actually have a way better chance because statistically people as such as you and I dont own any more than 5% of the stock so the marketability is much easier...but it is being done ...so don't doubt me....it is becoming less and less that the institutions know stuff before the entire market and that has been proven because no company director is really willing to disclose inside information these days as ASIC has really made a show of the ones who did and have been caught.

Did the big institutions have a chance to get out of TLS before any one else??

Cheers

 

[johnno261]

Re: MGX

Elementary..Johnno..elementary...we actually have a way better chance because statistically people as such as you and I dont own any more than 5% of the stock so the marketability is much easier...but it is being done ...so don't doubt me....it is becoming less and less that the institutions know stuff before the entire market and that has been proven because no company director is really willing to disclose inside information these days as ASIC has really made a show of the ones who did and have been caught.

Did the big institutions have a chance to get out of TLS before any one else??

Cheers

Did the insto's have a chance to get out of TLS before anybody else? You look at the volume increase before Trugulllio announced that the company basically needs to be reformed(Last 1/4 of 2005) and then get back to me.
I think a very high percentage would agree with me on ASFORUMS that insto know about upcoming news prior to market announcements.

 

[TheAnalyst]

Re: MGX

Did the insto's have a chance to get out of TLS before anybody else? You look at the volume increase before Trugulllio announced that the company basically needs to be reformed(Last 1/4 of 2005) and then get back to me.
I think a very high percentage would agree with me on ASFORUMS that insto know about upcoming news prior to market announcements.

If thats true then that is a criminal offence under the corporations act and ASIC must investigate as well as the federal police. I now ask why are they not doing this??

 

[laurie]

Re: MGX

I think a very high percentage would agree with me on ASFORUMS that insto know about upcoming news prior to market announcements.

And the Goverment the week before :swear:

cheers laurie

 

[johnno261]

Re: MGX

If thats true then that is a criminal offence under the corporations act and ASIC must investigate as well as the federal police. I now ask why are they not doing this??

Apparently ASIC was pretty pissed too when the ASX decided to wipe out brokers codes as this meant it is even harder to pinpoint a particular broker!!!
With my knowledge Analyst, I could tell you a few things about trading!

 

[TheAnalyst]

Re: MGX

I am really interested in hearing Johnno...you can send stuff to my mail box as well if you like.

 

[chicken]

Re: MGX

Actually, Chicken i have...probally more than what you realise and on top of that research and study on other securities and valuation techniques in regards to mining and industrial companies. Havent you seen some of the stuff i have posted and currently getting together an analyst team made up of different members and setting tasks as plenty of hands make light work and if we including you want to beat some of these professional research houses who have huge capital and trained professionals at their disposal we have to work like this together on this forum so we can get in and get out before thay do.

Something of interest to you ...i have not been able to find any price measurement for magnetite.....do you know??


Without being rude...you are not the Chief Executive Office of this thread

You know my style, so lets see what you can come up with..I want you to tell the board news or some positive thoughts on MGX...this is a MGX board..not the local news..So I am waiting for some news.....Johnno should post some of his research...after all this one will run as soon as we know the new Iron ore prices..did any one see that MGX are giving a presentation in the Steel conference in Kalgorlie in February....this year..now that sort of information is relevant to the investors...

 

[TheAnalyst]

Re: MGX

Hmmmmm that supports chicken claim here some what

cheers laurie

Read that article in yesterdays paper...

 

[TheAnalyst]

Re: MGX

You know my style, so lets see what you can come up with..I want you to tell the board news or some positive thoughts on MGX...this is a MGX board..not the local news..So I am waiting for some news.....Johnno should post some of his research...after all this one will run as soon as we know the new Iron ore prices..did any one see that MGX are giving a presentation in the Steel conference in Kalgorlie in February....this year..now that sort of information is relevant to the investors...

The good news is that if ore continues to hold..and yes..the good news is that mgx are taking advantage of China's progress in building there own manufacturing facilities to produce steel from raw iron ore, hematite and magnetite and are securing for themselves a market for there product and yes it is a smart strategic alliance with the Chinese...and insulating themselves from any stall in the price of ore..

Have you got a price for magnetite yet??

 

[TheAnalyst]

Re: MGX

You know my style, so lets see what you can come up with..I want you to tell the board news or some positive thoughts on MGX...this is a MGX board..not the local news..So I am waiting for some news.....Johnno should post some of his research...after all this one will run as soon as we know the new Iron ore prices..did any one see that MGX are giving a presentation in the Steel conference in Kalgorlie in February....this year..now that sort of information is relevant to the investors...

Also i have been looking at control value of mgx not portfolio value and actually it is quite high.....so if a BHP or a RIO wanted it they would be willing to pay a much highher price....but the bad news is?????...if steel dropped in value by double digits this stock would be in trouble....and thts the thing about these mining companies..in the last boom as soon as prices crashed...well the mines had to shut because it wasnt worth them producing as they would not have even broken even....NOW can all those miners out there quickly get their goods out of the ground and for sale before the show is over???...

Which ones do you think will and which ones wont?? And which ones do the directors of know that they wont make it so are converting there options bit by bit??

 

[chicken]

Re: MGX

Also i have been looking at control value of mgx not portfolio value and actually it is quite high.....so if a BHP or a RIO wanted it they would be willing to pay a much highher price....but the bad news is?????...if steel dropped in value by double digits this stock would be in trouble....and thts the thing about these mining companies..in the last boom as soon as prices crashed...well the mines had to shut because it wasnt worth them producing as they would not have even broken even....NOW can all those miners out there quickly get their goods out of the ground and for sale before the show is over???...

Which ones do you think will and which ones wont?? And which ones do the directors of know that they wont make it so are converting there options bit by bit??

So far you are still negative..the super cycle we are experiencing at present is due to China..and the forecasts are for the next 4 to 5 years..you still dont understand..China has a Billion people, the population of Australia..is in Beijing alone of 19 to 20 million people..if you had gone there and seen it you understand this is not a 5 minutes affair...so you see you got to think outside the square and once you understand that than you understand that China needs Australian minerals to build up from before..a different ballgame than what you think..China will overtake America within in the next 10 years in consuption and production....so once you see that then you understand why the steel industry is important..ah I forgot...you have no shares in MGX....but it will all gel within the next 3 months regardless what I say or you say...

 

[TheAnalyst]

Re: MGX

So far you are still negative..the super cycle we are experiencing at present is due to China..and the forecasts are for the next 4 to 5 years..you still dont understand..China has a Billion people, the population of Australia..is in Beijing alone of 19 to 20 million people..if you had gone there and seen it you understand this is not a 5 minutes affair...so you see you got to think outside the square and once you understand that than you understand that China needs Australian minerals to build up from before..a different ballgame than what you think..China will overtake America within in the next 10 years in consuption and production....so once you see that then you understand why the steel industry is important..ah I forgot...you have no shares in MGX....but it will all gel within the next 3 months regardless what I say or you say...

Hey...i absolutly agree with you Chicken..at this point the price and demand of steel aint gonna drop...but what if?? but probabilities are on the positive rather than the negative....and what you said about the super cycle is probally true....so from your estimates of say 5 - 10 yrs...tells you and me that if a miner dont get their ass into gear within the next 2-3 yrs they aint one to invest in...mgx has their ass into gear...and i am waiting for a time that i think is the right time to buy and i am getting closer..as well as looking at another few miners....and some of them have installment warrants which can make them much more attractive and less riskier than say mgx as well..