Recent content by sean2008

http://www.thewest.com.au/default.aspx?MenuID=3&ContentID=106340 White knight tip emerges in battle for Mt Gibson control 5th November 2008, 6:00 WST Mount Gibson Iron could find itself targeted by a white knight suitor to stymie plans by two Chinese steel groups to all but seize...

who is selling MGX? 100k, 500k..., PPT already sold out their share, who is the next big shareholder selling?:confused:

http://www.businessday.com.au/business/mt-gibsons-iron-ore-shock-20081103-5gkg.html Mount Gibson Iron will be forced to sell its iron ore at just $US40 a tonne - a 60% discount to the benchmark price - until the end of the year to allow it to move the product after several customers cancelled...

A$0.60 per share to a Chinese company, along with offtake agreement, what you guys think? Good news or bad news?

Mt. Gibson Iron Said to Be in Talks to Sell New Stock (Update1) By Helen Yuan, Sarah Thompson and Jesse Riseborough Oct. 29 (Bloomberg) -- Mt. Gibson Iron Ltd., an Australian iron ore producer, is seeking to sell shares to investors in China, Australia and the U.K. as the credit crunch...

I think this is good. Today, the market does not look good. If it is a good news today, I doubt it can bounce to a good level.

I also noticed the news "Ceasing to be a substantial holder from PPT". If I am not wrong, PPT was holding 19% of MGX's share. This guy kept on selling MGX. This might be the reason why MGX never had a chance to bounce.:mad:

What happening to this share? Keeps on dropping, almost no bounce. No divy as well. Is this company facing a big issue?:confused: