MGX - Mount Gibson Iron
- Thread starter The Barbarian Investor
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chicken said:We have lift off....took long enough to realize this stock is valued at $1.25
Yer...i have noticed this too Chicken...my $1000 should be double in no time...
If you buy or sell...that is entirely your business....after all we are just here to entertain you..mind you MGX have got production making $$$ and as Huntleys said are undervalued..their SP is at least $1.09...that is before the price of FE goes up.....so its cheap..now this is not for entertainment but facts..how you use this information its up to you..but one can make a few $$ from that..to get entertainedvicsta said:
well the market is starting to like this stock again...we should have an update by monday...went up another 2 cents..was up 3c...but 2 cents to 74cents..slowly but surely...chicken said:If you buy or sell...that is entirely your business....after all we are just here to entertain you..mind you MGX have got production making $$$ and as Huntleys said are undervalued..their SP is at least $1.09...that is before the price of FE goes up.....so its cheap..now this is not for entertainment but facts..how you use this information its up to you..but one can make a few $$ from that..to get entertained
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yer i am happy as well i have made almost $100 so far thats 10% and if it gets to 75 cents tht will be 12% roughly...how much percent have you made so far chicken??
great stock i was hoping it may have dropped a bit more as i wanted to get another $1000 on the dip but doesnt look like it now but still i am winning both ways at the moment.
great stock i was hoping it may have dropped a bit more as i wanted to get another $1000 on the dip but doesnt look like it now but still i am winning both ways at the moment.
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crackaton said:
Looks like it at this stage..that means i will be able to have some spare cash to pick up an internet chick and take her on a date.....
MGX traded solid today with about 2 million in vol. Sold down a cent in the last hour of trade but looking like its going to break out over the next few weeks and crack the big tonne! Selling depth has really dried up after 75cents, so I am assuming when it runs, it will run fast!!! Good luck to those that hold!!
Iron Ore Negotiations are going to fire up soon and we are seeing plenty of movement in the Iron Ore Juniors to suggest that negotiations are very bullish!!
You could use the old phrase,"Buy on rumour, Sell on fact", but had you done that last pre negotiations, you would have sold at 50 cents on the 21/02/05 which was the date Negotiations were released, and watched it nearly double within the next few weeks!!! No chance of doubling again, but plenty of upside S/P movement!!!!
Iron Ore Negotiations are going to fire up soon and we are seeing plenty of movement in the Iron Ore Juniors to suggest that negotiations are very bullish!!
You could use the old phrase,"Buy on rumour, Sell on fact", but had you done that last pre negotiations, you would have sold at 50 cents on the 21/02/05 which was the date Negotiations were released, and watched it nearly double within the next few weeks!!! No chance of doubling again, but plenty of upside S/P movement!!!!
Interesting view from the fence i have to say. There has been alot of speculation about this stock, and alot of ramping...
My position is strong for this stock. Definetly on the verge of a breakout. Interesting next few days.
MGX is better placed than all the other juniour iron ore players:
* Already producing
* Low debt
* Strong position in Asia Iron(80%)
* Investment and backing by large financial institutions.
Enough said.
It has suffered from extreme manipulation unfortunately, and should have already been above $1 long ago.
My position is strong for this stock. Definetly on the verge of a breakout. Interesting next few days.
MGX is better placed than all the other juniour iron ore players:
* Already producing
* Low debt
* Strong position in Asia Iron(80%)
* Investment and backing by large financial institutions.
Enough said.
It has suffered from extreme manipulation unfortunately, and should have already been above $1 long ago.
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Exited today for a loss
I'm not in for the long haul with this one. I know they flagged a need to increase mine production to keep up total ORE production but I didn't like the figures in todays ann. They increased mine production by about 25% in the Dec quarter and only got half the ore production compared to september quarter.
Assuming they are mining the best part of the ore body at tallering, this mine is meant to be going for another 6 years.....
I heavily qualify this by the fact I have done very little research on MGX, but I would expect further profit downgrades... too much risk on the table for me.
I'm not in for the long haul with this one. I know they flagged a need to increase mine production to keep up total ORE production but I didn't like the figures in todays ann. They increased mine production by about 25% in the Dec quarter and only got half the ore production compared to september quarter.
Assuming they are mining the best part of the ore body at tallering, this mine is meant to be going for another 6 years.....
I heavily qualify this by the fact I have done very little research on MGX, but I would expect further profit downgrades... too much risk on the table for me.
who cares if you buy or sell...but you have not researched the company to make statements as you have...the company has 1 billion tones of magnetic hematic ore to be mined at Mt Gibson...into 250mt of Iron Pellets....which is worth many billions of $$$ so as I said before you sell you buy..I dont care ...right.....but the Chinese you will see will buy at 75c...why...because the pellets are used to enhance their steel for export quality....do your own research....And the Chinese need them...as they require them for as I stated before...have you got the story now....TjamesX said:
chicken said:who cares if you buy or sell...but you have not researched the company to make statements as you have...the company has 1 billion tones of magnetic hematic ore to be mined at Mt Gibson...into 250mt of Iron Pellets....which is worth many billions of $$$ so as I said before you sell you buy..I dont care ...right.....but the Chinese you will see will buy at 75c...why...because the pellets are used to enhance their steel for export quality....do your own research....And the Chinese need them...as they require them for as I stated before...have you got the story now....
I think chicken is having a bad day MGX down, MAP down, SBM no ann and maybe he even owns some CDO shares. What a day, and especially it being a Friday.
No but my BMX..and AGS are doing nicely..as soon as we know with SBM what gives you may find it will take off like a rocket..as fare as MGX is concerned I am not worried..just drongos who post and then say they did not do any research...I know what I have invested my money in..that is the difference...you were the one who said something about ZFX once now how right was I..and I will be proven right again you will see..anyway who cares what people sell or buy I just care that I have producers with good cash flow..MGX falls into this categry...SBM,BMX,MAP,all have good cashflow....trader said:
.chicken said:No but my BMX..and AGS are doing nicely..as soon as we know with SBM what gives you may find it will take off like a rocket..as fare as MGX is concerned I am not worried..just drongos who post and then say they did not do any research...I know what I have invested my money in..that is the difference...you were the one who said something about ZFX once now how right was I..and I will be proven right again you will see..anyway who cares what people sell or buy I just care that I have producers with good cash flow..MGX falls into this categry...SBM,BMX,MAP,all have good cashflow....
Well chicken I'm also waiting for that SBM ann , and I agree with you they
will take off , even though I was a bit worried this morning . Good luck with
the rest .
Todays announcement was what the market already knew about pre Christmas. No reason for a sell off today. Management have crap PR skills.How lame and un informed was the report!! I hold only because of what the future holds for this stock and my re entry point of 64/64.5 looks good!!! Dont think MGX will reach that again.Appears to have found support around 70 cents and may bounce back Monday!!
