re: robertsharron Totally agree robertsharron
I am sure the big players that have been accumulating over the past 6 weeks were well aware of the facts and are buying a slice of this co for its future and not just this half year.
MGX is a ASX 300 co and it takes a mountain of money to push one from 67c to $1 last week.
I believe they are taking the hit this Quarter and spending lots of $ so everything is in place for the next 12 months and all the little ducks are in a row.
Today is just another transfer of wealth from the inpatient to the patient.
I have alot of respect for Paul100 as we rode Redflex together from 50c to $3.80 where I got out but I feel his view on MGX is very shortsighted
Facts: 34 new rail wagons have arrived
Cash in hand at around $40 million
I have always thought MGX management were a bunch of amateurish bumbling 3 stooges and attending the last 2 AGM has done nothing to alleviate this view but they have taken this co from a 15c non producer to an ASX 300 co in 20 months which is a 500+% return for me
I will hold with confidence as MGX goes from $1 then $2 then $3 and so on
Cheers
kawartha
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $444.6M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 36.5¢ | $244.0K | 664.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 118094 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 50000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 118094 | 0.365 |
16 | 591452 | 0.360 |
6 | 166500 | 0.355 |
5 | 141409 | 0.350 |
4 | 165799 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 50000 | 2 |
0.375 | 45000 | 2 |
0.380 | 108000 | 5 |
0.385 | 61388 | 3 |
0.390 | 166981 | 5 |
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