So whilst we have this negativity from the looming "global recession"... I think 2 things.... The amount of money that is being invested in "green investments", the amount of illogical commercial decisions being made for FSG concerns and the amount of ridiculous decisions being made at government level due to the same stuff... Tells me Green steel is a run away beast no matter how stupid the number may look.
We are in a global economy obsessed with "green" and reducing carbon footprints. They are completely okay with putting the cart before the horse with investment.
That and most governments resort infrastructure projects to climb out of recessions.
Whilst I'm not happy to see the SP tank, I still have absolute conviction in the green steel thematic... It's just time. I call BS on IO prices in the medium term being soft
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $29.53M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 29.5¢ | $113.7K | 373.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 96306 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 53860 | 1 |
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| Last trade - 15.35pm 16/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |