I really feel the long potential of this company is huge as it's based on US , second due to infra stimulus the demand of steel is not gone come down .
the Chinese measures are just temporary as they being the largest producer of steel they clearly know it is them who is gone supply to themselves and the remaining world , so this reduction in output thing is only a temp measure trying to bring down the iron ore prices which will eventually come up due to production being ramped up in another 2 -3months
if some in this forum is thinking it's gone come down to 10c my 2cents is that better buy more at this levels or at 10c as in 12 months this is gone shoot higher once off take starts
MGU Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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