Far enough JDEE. IMO there is plenty of mis-information being reported in terms of MGX, Vale, RIO, and most recently BHP's motive for pushing down the spot price. Twiggy's announcement late today and George Jone's outlook (GBG) should help an ensure a few cover their shorts tomorrow.
Specifically in relation to MGX the likehood of abandoning the offtake agreements with APAC and Shougang Concord is limited give the net benefit it gives them both.
Was out of MGX as soon as they took me over within Aztec. Came back in today as risk/reward justified it.
Cheers
Denial
china growth, page-6
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Last
35.0¢ |
Change
-0.015(4.11%) |
Mkt cap ! $426.4M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 35.0¢ | $672.5K | 1.902M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 193719 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 152088 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |