Thesa,
Macquarie were very big on MGX - it was their No. 1 pick for iron ore stocks in a sector they thought was the one to be in. I know this because I saw their research and fielded the calls from their brokers. They must have been burnt real bad.
With talk about Chinese involvement in smaller iron ore stocks I suggest you look at Aurox Resources (AXO). According to the ASX annoucements their Chinese director (and owner of a steel mill in China) has been buying stock at the rate of about 500K shares per day for some time now. Something has to be happening there, particularly as the directors are out shopping for equity at the moment. It is an interesting stock.
are the 60c options just for show..., page-22
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Last
31.3¢ |
Change
-0.003(0.79%) |
Mkt cap ! $380.7M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 30.8¢ | $184.8K | 596.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 392620 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 272299 | 17 |
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| Last trade - 10.35am 29/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |