yes it is disgusting what happened to mgx.
imo this was all an immaculate plot by the chinese government to smash aussie iron ore producers so the chinese could buy them up for bargain basement prices.
but on the flipside mgx will be issuing equity at 3x the current share price. but the market doesn't care.
iron ore price? we sold underprice?, page-2
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.0¢ | $452.0K | 1.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 719630 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 32325 | 2 |
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| MGX (ASX) Chart |