That sounds like pure speculation to me. Sure the price could go to $1 at some point. When I don't know, but it's never a straight line with these things. Like all good things it will take time, nothing happens overnight.
I think if MGX can get Koolan humming and running at 100% efficiency and the price of Iron Ore remains elevated then sure $1 is possible. But at the same time, we could see a pullback in Iron ore prices or them crater again - I don't think that will happen, but it's good to have a plan B. I sold a third of my holding at 72 cents and will likely sell another 1/3 if we break through 1.10 or something like that.
Last Chance under 70c, page-66
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Last
34.8¢ |
Change
-0.003(0.71%) |
Mkt cap ! $420.3M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.5¢ | $66.24K | 189.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 237553 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 117068 | 20 |
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| Last trade - 14.32pm 07/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |