I agree with you, Snakeye.
The market hardly ever prices companies on fundamentals, it is more on 'fear and greed', BUT as individuals, I think it is important to use fundamentals as a starting point and momentum trading (TA) to seek entry.
I bought in again at 45 cents, not much, but enough to keep tabs on the company, and I will keep buying at these levels and below because the fundamentals suggest that this is a buy.
If the fundamentals change, I will dump and take a loss... but with MGX having cash, no dept, port and rail facilities and access to ore, which they dig up and sell at a profit, I cannot see this fail.
Buying MGX is saving for my future. I do not expect an overnight recovery, but the macro environment will change, and that is when I will cash in.
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Last
43.3¢ |
Change
0.003(0.58%) |
Mkt cap ! $523.8M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 42.8¢ | $186.7K | 434.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 279361 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 145913 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 281924 | 0.430 |
9 | 105769 | 0.425 |
12 | 203378 | 0.420 |
8 | 138216 | 0.415 |
9 | 122239 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 147565 | 20 |
0.440 | 212858 | 8 |
0.445 | 194581 | 8 |
0.450 | 202298 | 7 |
0.455 | 160039 | 5 |
Last trade - 15.13pm 15/07/2024 (20 minute delay) ? |
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