re: the wheels are indeed turning. according to MGX's last quarterly Shougang has till end of May to decide on magnetite project (unless they extend again). I wonder if iron ore negotiations being unresolved was the reason for delay? Anyway end of May is mid next week so we should get news soon. I half expect another delay simply because Chinese have still not settled.
But this episode will make the Chinese more determined than ever to vertically integrate so MGX remains as attractive as ever to me.
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37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $459.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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| MGX (ASX) Chart |