The SP can do what it wants for the time being. Impatient holders are selling, or needing the money for something else - and that's fair game. The short term to medium term SP does not affect long term holders, other than providing plenty of opportunities to top up. Upward swing will commence as we near production and management release supply announcements - which will soon be forthcoming. Fundamentals and $ forecasts still remain solid, given the US 2022 import forecast is over 7Mt, and will continue to grow. Current pig iron prices plus import taxes and transportation costs - a huge bill for the Fed Gov. MGU will supply pig iron domestically as fast as they can.
MGU Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
