Mongy, I agree with the thrust of your post. It's why KNL management are targeting the non-Chinese current buyers (as opposed to maybe future buyers), and it's why the feedback from a number of people (both in an out of KNL) is that buyers are wanting to secure supply outside of China.
However, the MNS announcement due tomorrow or Wed morning may very well turn all that orthodoxy upside down, and I suspect that is what a lot of the traders and short termers are in the space for. i.e. the disruptive event that might kick-start a rush to secure supply in readiness for an explosive jump in demand from it's present 1.1m ktpa global to something perhaps over 2m ktpa and rising.
I think there are a lot of people with bated breath.
Mongy, I agree with the thrust of your post. It's why KNL...
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $52.21M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $56.60K | 471.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37983 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 10500 | 1 |
View Market Depth
| Last trade - 15.54pm 12/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |