The Iron Ore experts have been pretty wide of the mark for a little bit.. the guys I deal with at UBS have been massive iron ore bulls but the company line has been a different story. It gets very difficult to work out what to listen to and who to believe.. the dealers from insto banks are generally thieves and scoundrels who are really only interested in clipping tickets to make their bonus but then sometimes they are also the smartest guys in the room. Last time I chatted to them there was ZERO concern about a falling price and that it would be close to impossible to get below $120/T this year. The broker estimates for FMG, RIO, BHP etc have a lower price factored in which no one thinks is accurate...
it is pretty incredible to think that the underlying commodity for MGT could drop by more than half overnight and we would still be a hugely profitable mine...
MGT share price, page-6106
-
- There are more pages in this discussion • 7,823 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $25.07M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.5¢ | $7.014K | 28.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 46567 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 10764 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |