MGX 1.17% 86.5¢ mount gibson iron limited

rights issue announced, page-6

  1. 1,474 Posts.
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    What a ridiculous way to end this whole saga. Start off issuing shares at 25 cents and end up at 9 cents.

    I wish PMM or CSM would come along and take out this company...and put management out of my misery.

    However, this company at 9 cents per share is a PE of 1. I shall be taking up, and I'm sure many others will as well.

    No sovereign risk. WA govt seems to be supporting the project. Should not be environmental concerns...Maybe I shall stop complaining and enjoy this Xmas present. not often you get an Aussie mining company at PE of 1.
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