jamwolf saying it's overvalued only takes spelling. You only need to know how to spell "overvalued"
Now explain to us how it's overvalued?????????????
This will take more than your ability to spell.
Based on what calculation/peer comparison do you find MYG overvalued?
I'm willing to bet you haven't a clue what resource they have, it's grade and depth. I highly doubt you even know that they have infrastructure already in place.
You have made a statement, now please back it up with FACTS!!!!!!!!!!!!!
The price going down is purely technical as there are people sitting on large gains.
No stock goes vertical without a retrace. Have a look at SFR back in July 2009. It retraced but then rose many multiples
todays trading, page-146
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Last
82.3¢ |
Change
0.003(0.30%) |
Mkt cap ! $75.23M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 81.0¢ | $2.394K | 2.955K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 6655 | 1 |
View Market Depth
| Last trade - 15.04pm 16/09/2024 (20 minute delay) ? |
| MYG (ASX) Chart |