Given one of the major themes of the pull-back in IO prices has precisely been China’s intensified de-carbonisation drive, MGU's strategic focus on Green Steel and its pivot toward the US market, to which its BV product is perfectly suited and incomparably sited, just seems all the more prescient.
I haven't given up on this thing. Not by a long shot.
Indeed, for what it's worth, I have been buying on the back foot with increasing enthusiasm.
While the Company's immediate pathway to HISMELT and HBI production (DSO shipping 62% rising to 68% Fe) is plainly today no longer as profitable as it appeared only a few short weeks ago, I don't think anyone really thought those gougingly unsustainable prices around $220/t would persist for long.
Anyway, the sentiment-driven fear and loathing is overdone here, in my view....but I am not offering investment advice.
All the usual caveats apply.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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15 | 1924498 | 0.012 |
6 | 1225497 | 0.011 |
6 | 1027923 | 0.010 |
1 | 1500000 | 0.009 |
Price($) | Vol. | No. |
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0.014 | 553767 | 4 |
0.015 | 267388 | 2 |
0.016 | 1518044 | 4 |
0.017 | 168000 | 2 |
0.018 | 218875 | 1 |
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