chris
they cant sell on spot because its not working at moment. rio has not sold on spot for 3 months and china is chockers with huge stockpiles.
The problem for sellers on spot is they sell to traders who cant on sell to the mills because the mills are over supplied.
Expect further breaches of contracts by buyers in near future for all small miners.
When the traders can get credit from their banks then the they will be able to buy the stockpiles and then you might get some spot sales.
This is perfect buying time for mgx and i am trying to get in but too high at moment.
merrills rates it a takeover target, page-5
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Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $432.5M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.5¢ | $283.0K | 790.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 439557 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 67284 | 6 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |