The result is that Chinese now desperate to avoid the big 3 and looking for JVs and alternative suppliers.
Fe price now expected to hold up into 2009, so if MGX can get 6 Mt cranked out profits will be huge.
Chinese also v keen on Magnetite, so more deals in the making there.
MGX will surely be re-rated once traders wake up - have a look at FMG!
chinese steel industry confirms 19 per cent incr, page-8
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $377.6M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 30.5¢ | $471.2K | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 206604 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 79365 | 1 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |