Some good points above.
Is anyone concerned about the ramp up by the Chinese in Africa having an impact on price in the mid term?
https://www.lowyinstitute dot org/the-interpreter/china-eyes-african-prospects-iron-out-trade-tension-australia
More recently, China has made some promising high-profile investments in West and Central African countries with vast and high-quality iron ore reserves, including Sierra Leone, Liberia, and Guinea. Last month, the Guinean government approved an agreement for a China-backed consortium to move forward with the development of Simandou, the world’s largest known untapped iron ore deposit located in the remote, mountainous southeast part of the country. Legal disputes and complex logistics have obstructed development of the mine for two decades, but the growth of iron ore prices over the past years has led to renewed interest from multinational firms. According to some sources, in order to render the mine operational and build the requisite infrastructure to export the iron ore, China may have to pay up to $20 billion over the next five years. Given that even just half of this mine’s deposits is thought to potentially provide 10–15% of Beijing’s annual iron-ore imports, in these tenuous times China appears ready to make that investment.
- Forums
- ASX - By Stock
- MGX
- value creation at Koolan
value creation at Koolan, page-16
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $377.6M |
Open | High | Low | Value | Volume |
31.5¢ | 32.0¢ | 30.5¢ | $471.2K | 1.510M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 206604 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 79365 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 206604 | 0.310 |
7 | 213442 | 0.305 |
20 | 418761 | 0.300 |
5 | 397439 | 0.295 |
2 | 75000 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 79365 | 1 |
0.320 | 108000 | 1 |
0.325 | 99500 | 4 |
0.330 | 130000 | 5 |
0.335 | 132800 | 4 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |