MGT share price, page-10341

Always hard to predict what the iron ore or any commodity will do. Even the experts get it wrong most times. However, I know china has its biggest stockpiles in years atm. They loaded up due to the low ore price last year. You have to remember that china buying ore doesn't just magically appear. An order today can take months to arrive. Especially now with the Covid outbreaks causing delays worldwide. The big orders show that actual steel output is goi g to increase after the winter games. The jump in ore price recently could be from order being placed before these companies shit down for the coming weeks. I too would expect a short downturn in IO prices as we get through the games.
This will have some impact on our share price but I have heard on the grape vine that at least some of the drilling is coming to an end. This may mean announcements are close. The chart also looks good so it's a tough call.