MGX mount gibson iron limited

Is it fair to say Idle that we as a continent and in particular...

  1. 842 Posts.
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    Is it fair to say Idle that we as a continent and in particular the Eastern State is closer to the Southern and Tasman ocean that draws the cool air to the warmer part of our central land hence creates more wind?

    Having been in China myself i never experienced much wind at all hence pollution is more prominent if the steel mills and manufacturing in general is at full utilisation.
    Typically around this time China does slow production to minimise so much of the pollution but with the onset of the international games it has to have much clean air as possible with minimal or no wind at all during this period.
    In addition, population plays a big part vehicles etc all adds to the complexity to the environment.
    I stand to be corrected but we see when the olympics are completed combined with post pandemic environment at full swing and Evergrande is absorbed by smaller developers we see Iron Ore to remain steady or stronger - I personally don't believe will go down to $90 USD for a long time. The other reason as well Idle - as I have majority of my capital in the US go and look at companies like US Steel, Nucor etc are in an expansion phase are expanding into new plants. Obviously the 1 trillion infrastructure bill is waiting to get past through congress.
    Time will tell but as I stipulated MGX should hopefully have a strong 22/23 financial year - doesn't mean share price will go up will only mean it's cheaply valued. Only have to look at Fortescue is trading around 2 times only. Sentiment plays a big part in this sector not just financial metrics alone as we all know of course.
    Last edited by Samsonrises: 10/10/21
 
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