I reckon that the stellar run of MGX is coming to an end. I am not down ramping - just my thoughts. I do still own MGX shares, but I'm now thinking of selling and moving on. I just can't see another 50% return in the next 12 months.
What are people's views on this
The ONLY thing that is keeping in the stock at the moment is the 20% share holding by the Chinese. People reckon that the Chinese will make a tilt at MGX?
Also, anyone can give me a breif 2-3 point summary of upcoming events for MGX
(My guesses are:
a) Iron price increase (but this is included in the current share price - and if it is not what analyst expect, the share price will take a beating)
b) Approval from government - but I thought this was done in September by the WA gov?
Appreciate people's thoughts and input
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $380.7M |
Open | High | Low | Value | Volume |
31.0¢ | 32.0¢ | 31.0¢ | $591.2K | 1.882M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 302448 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 297630 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 302448 | 0.310 |
15 | 886600 | 0.305 |
24 | 638185 | 0.300 |
6 | 183828 | 0.295 |
6 | 177294 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 297630 | 19 |
0.320 | 297007 | 13 |
0.325 | 155505 | 11 |
0.330 | 153500 | 8 |
0.335 | 149500 | 8 |
Last trade - 15.42pm 03/09/2024 (20 minute delay) ? |
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MGX (ASX) Chart |