When you look at the course of sales there are numerous small sales and numerous sales of exactly the same quantity of shares. Obviously a BOT at work and if the BOT is selling to reduce the SP it is doing a grand job.
I wonder if the MGX board knows what is going on, because to me it does not look like normal market action.
For Example since the 8th of April
BHP has gone down 10.02% RIO has gone down 8.73% FMG has gone down 7.28%, but MGX has gone down 19.68%.
With no debt and $388 MIl in the Bank, and a BOT hard at work it has gone down 12.4% more than FMG in the same period. And the Board doesn't say or do a thing?
WHAT IS GOING ON HERE?
MGX Price at posting:
$1.78 Sentiment: Hold Disclosure: Held
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