MXR - a lesson in reality vs potential, risk vs reward.
Till MXR get a cash flow positive project running and funding to embark on new projects, it is speculative at best. Big boys get in when company is already producing and is speculative stock before then.
Who wins ??
Got MGX at 40 c and sold out at $2.10 - thought was a good return. Was lucky on the stock and just a handful of others - could have lost it all, have done so several times.
Big boys get in around $2.00, still make $1.30 on a $2.00 investment in shorter period of time. Company already on a good footing when they buy in, so little risk.
Now who is wiser ??
Could I afford to buy in at $2.00 ? Certainly not for the volume I had in mind.
So everyone has their own trading style - no need to score points either way on this forum.
Speculative means just that - luck comes very seldom but can wash away a few sins.
Like others, watching MXR with hope - that is all what is available now.
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Last
3.1¢ |
Change
0.001(3.33%) |
Mkt cap ! $13.26M |
Open | High | Low | Value | Volume |
3.0¢ | 3.3¢ | 3.0¢ | $15.32K | 494.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 132814 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 575000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 132814 | 0.031 |
1 | 211102 | 0.030 |
1 | 421034 | 0.029 |
2 | 95770 | 0.026 |
1 | 39999 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 575000 | 2 |
0.035 | 740810 | 2 |
0.037 | 53268 | 1 |
0.038 | 300441 | 1 |
0.039 | 335923 | 2 |
Last trade - 14.42pm 06/09/2024 (20 minute delay) ? |
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MXR (ASX) Chart |