I liken it to trying to kill bacteria with antibiotics, you may kill some , but what you eventually end up with is a super bug. The Juniors/Mid Tiers will struggle to survive, but they will become more efficient at it. Eventually some of them will find a way to beat this, even join forces. BHP/RIO/VALE shareholders will suffer as well as their Share Price dwindles along with the Iron Ore price.
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Last
33.0¢ |
Change
0.020(6.45%) |
Mkt cap ! $399.0M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.199M | 3.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3074 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 17602 | 2 |
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| MGX (ASX) Chart |