I work for the largest mining company in the world and i can tell you our order books are still overflowing 2 years out for the delivery of large off highway trucks and track type tractors from these major mining conglomorates. I see no tangiable evidence of a severe slowdown looming as such . Iron ore and other commodities will bounce back . This is a normal pull back phase within a strong and longer term commodity cycle. Monetary policy will provide a real stimulus in 6-12 months for both consumer and business investment. The Chinese are still in their infancy as a developing nation . You cant build 10 Manhattan's by approx 2020 without significant demand of worldwide commodities.
- Forums
- ASX - By Stock
- are the 60c options just for show...
I work for the largest mining company in the world and i can...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $516.3M |
Open | High | Low | Value | Volume |
42.0¢ | 43.0¢ | 41.8¢ | $290.1K | 684.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22487 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 180392 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22487 | 0.425 |
5 | 84058 | 0.420 |
5 | 64811 | 0.415 |
8 | 221098 | 0.410 |
5 | 232000 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 180392 | 6 |
0.435 | 123759 | 7 |
0.440 | 135210 | 5 |
0.445 | 24500 | 3 |
0.450 | 186752 | 9 |
Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |