Great , this is well timed announcement. with great night overseas in equity indices overseas, us indices up over 1%, firming up the case for a genuine rebound from the evergrande news, Iron ore up 1.3% two solid green days, maybe the start of a real turn for iron ore, which for MGT just means good sentiment and as money comes back into the sector would boost our SP as well. If its a genuine turn finally in iron ore then there are bargains out there in a lot of iron ore names. Now with this announcment should get some more buying, possibly even above 3 today, which I was expecting we would have to wait until next week for.
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