Needle
All due respect - PR starts with the company not the instos/funds and brokers.
They need to sell the story.
Having ridden JBM I see many similarities here - cash coming out of its ears. Took a while for the market to engage in the JBM story - however there were questions about mine life. With MGX they have 10 plus years of known resource.
The company should be selling the story to get the price up to raise money - that is how it works.
I have my suspicions that the price is being held down to accommodate certain interests.
Just my view.
Phil
results out - look at last quarter, page-17
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Last
30.5¢ |
Change
-0.005(1.61%) |
Mkt cap ! $370.6M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.5¢ | $400.5K | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 112594 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 69223 | 2 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |