talking to my broker today, they believe MGX now a hold as its fully valued.
If the new pricing negotiations start to ripple through in a few months time, and it is some 15-20% number then they believe MGX could warrant a 200cps price.
Be careful as a bit of hype this week/last week has created some momentum buying. I would expect some ranging to occur from here unless its on the back of "news".
As a L/T holder who has no intention of selling I'm not impacted either way, this is just a post for the novice to throw in some other perspectives...besides its just IMHO anyway.
mgx chart looking impressive, page-5
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Last
32.0¢ |
Change
0.015(4.92%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 32.0¢ | 30.5¢ | $604.0K | 1.928M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17500 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 73961 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |