Feeling very confident this afternoon after hearing a live presentation by chief economist from CBA.
key points-
- Aus dollar is currently being held up by chinas demand for our high grade iron ore
- Australian markets are set to return to pre covid growth rates by august
- demand for iron ore is not going away anytime soon!!
- Australia will continue to be largest exporter unless China wants to sacrifice our iron for lower quality from Brazil/ South America
- China economy set to grow by 9% this quarter
- interest rates set to skyrocket as US markets realise they have overstimulated
the entire presentation I was on the edge of my seat thinking about MGT. PFS cannot come soon enough!!
DYOR, GLTAH
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Mkt cap ! $27.56M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 3953 | 27.5¢ |
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| MGT (ASX) Chart |