The stock continues to move down. In a solid downtrend.
What's the point of announcing ships and even cash per month. The market doesn’t care that MGX is making money and is sitting on a war chest.
No one wants it. We are stuck with a dud company.
Only chance for this to go up 3%. Is the following-
1. Iron ore price back over US$200. Probably in 2028.
2. a take over. Not going to happen.
3. Announces an extension to Koolan island life. Doubt it, as they said it becomes physically difficult because of the soil batters.
4. A lucky lucrative purchase of a distressed company close to production.
Ship tracking thread - only. Reading is optional, page-645
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $312.5M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $1.220M | 4.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 80012 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 172544 | 6 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |