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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26.5¢ |
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-0.005(1.85%) |
Mkt cap ! $26.08M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $64.47K | 241.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 27.0¢ |
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| Price($) | Vol. | No. |
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| 28.0¢ | 25438 | 1 |
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| MGT (ASX) Chart |