MNS SP movements seem to be following the broader markets last week and this week despite the upcoming timeline crunch!
Dow up 100 points again last night so Magnis should close around 90c, although the sell side is starting to look a little thin!
Im sure most have already read that last nights rally was mostly due to OPEC surprisingly agreeing to make production cuts in November; I forget the amount of barrels but it was enough to make the price of Brent jump 6%. Anyway, a stronger oil price going forward can only be good for EV sales and Involved players.
It appears to me that insto's and investors seem to agree that it's not a matter of if Magnis signs big household names, it's simply a matter of when
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