Crazy selling to day , I'm buying all dips !! So looks like maybe a T20 might want out , I'll gladly take his or her place in the register and I'm not far away either
. US markets getting pounded and OZ following suit , it's amazes me when people run for the doors when there's a huge sale on bargain stocks , this is why most retail lose money .
I see a few mention on here about Iron ore prices up and Anglo etc etc ,
Forget about iron ore , why woukd MGU want to start selling DSO with minimal profit when they can sell Green Pig iron fir 250 to 300 bucks profit per tonne!!
I for one am looking forward to this quarter and the rest of the year , just have a read of the likes of Brazil and India scalling back on scrap metal exports , look at the rise in demand in the US , Pig Iron prices are tracking up slowly, 80% of all stell makers in the US will be electric ark furnace by 2025 , MGU are in the sweet spot now for the Pig Iron market,,I suspect qe will have several off takes and also finance lined up thus year , this company will be worth many multiples of what it is now, it's just a shame that people can't see what's unravelling before our eyes, its a plain as day for me
Roll on Q1 and more exciting updates from the company
MGU Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)