I couldnt agree more ,
We see that chart in the ann showing the price of Pig Iron compare to Iron Ore , clearly Pig Iron is the best route to take for the company , higher margins and a greener product .
This announcement was a nice little snippet of whats in store for MGU shareholders this year .
The global long-term demand for pig iron is forecast to increase at an accelerated rate.
Anglo still at the table and for both offtake and financing !!!
Lat year Anglo reported pre-tax profits of $10.1 billion for the six months to June, up from $1.7 billion in the same period last year. So in regards to my comment a few weeks ago about MGU Capex , i reckon Anglo could fund MGU with the spare change they have down the back of the sofa
In a nutshell this stock ticks so many boxes
A product in high demand for the foreseeable future .
A low cost GREEN product .
Close to road rail and infrastructure in a pro mining jurisdiction .
Potential for Carbon Credits .
Bio char being used instead of expensive coaking coal .
A huge resource with lots of room for expansion .
Looking forward to more updates in the coming weeks and months .
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $11.33M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.3¢ | $17.66K | 1.291M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1955042 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 191985 | 1 |
View Market Depth
No. | Vol. | Price($) |
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14 | 1839042 | 0.013 |
12 | 1079333 | 0.012 |
5 | 1430500 | 0.011 |
3 | 1400000 | 0.010 |
3 | 490000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 191985 | 1 |
0.015 | 1 | 1 |
0.016 | 864565 | 4 |
0.017 | 409745 | 4 |
0.018 | 123060 | 2 |
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