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
is still stellar run over
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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
| Last trade - 15.42pm 03/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |