Let's be real about this, it will take some time before MGX is a darling again (+80c).....look at FMG and AGO, they keep tumbling, therefore becoming great VALUE. Soon you will get oportunists selling out here and buying there. It's still a BEAR market, so keep trading in those 10-20% profits......it will be a while before you go long in the mining sector.
Reuters
LONDON - Severe production cuts in the steel industry to match deteriorating demand are set to bring a fall iron ore prices in 2009 after six consecutive years of price hikes.
Australian iron ore prices are expected to fall by 30 per cent in 2009 annual contract talks, a median forecast by 15 analysts polled by Reuters showed on Wednesday.
iron ore prices seen tumbling in 2009
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |