Mt Gibson on track for full year guidance

Company News

Mount Gibson Iron Limited (ASX:MGX) says it’s on track to meet full year guidance after it achieved $60 million of iron ore sales revenue in the March quarter.  
The junior miner has continued its focus on reducing costs and preserving capital and says it retains over $324 million in cash. 
The company has reducing staffing by 19 per cent and suspended all exploration activity. 
The company recently stood down the workforce at its Koolan Island pit after the collapse of a sea wall. 
Mount Gibson Iron recently swung to a net loss of $870 million for the first half of the 2015 financial year.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.