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18.5¢ magnetite mines limited.

yes, I telling you most people would be smarter than mark, when...

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Daz08

934 Posts.

153

20/09/21

17:43

Post #: 56214964
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Originally posted by SwankyTurtle: ↑

You're saying this as though Mark Eames, who was head of iron ore assets at glencore for ~5 years would have naively thought the price of iron would sit above $200US/t for the next 3 a bit years while they work on finding out if a magnetite project is feasible.

Mate, do me a favour and just take a second to ask yourself the following. "Do I objectively know more about the macro level exposure of a speccy magnetite explorer to the iron ore industry than a bloke thats been in major positions with large resource companies in the industry for the better part of 25 years?". I'm 99% confident the answer is a no. And on the 1% chance its a yes then you wouldnt be here writing in this thread telling a bunch of people about Iron ore. You'd be running a company.

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yes, I telling you most people would be smarter than mark, when it comes to forecasting iron ore prices. His expertise is in mineral extraction, not financial markets. The markets are beating mgt, not management, not shareholders, not me, not lucky. Understand?

MGT Price at posting: 2.3¢ Sentiment: Hold Disclosure: Not Held
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Last 18.5¢		Change 0.005(2.78%)		Mkt cap ! $21.33M

Open	High	Low	Value	Volume
18.0¢	18.5¢	18.0¢	$29	160

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No.	Vol.	Price($)
5	55236	18.0¢

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Price($)	Vol.	No.
18.5¢	31997	2

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No.	Vol.	Price($)
5	55236	0.180
5	101809	0.175
9	185351	0.170
2	11500	0.165
2	90000	0.160

Price($)	Vol.	No.
0.185	10000	1
0.190	44358	1
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0.200	132206	3
0.205	49999	1

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