Snake26, how did your call go ?
MGX chart does look bad and it has no similarities to AGO chart at all (as somebody mentioned above).
Fundamentals (except of the management) look ok.
I do not have this stock but I would not buy yet - there is a risk that SP will not stop until hitting ~ 90c level. But of course it might not...
From my experience with other companies : good and reliable management is the MOST important factor in ANY company.
Question is : why, after so many months, the top 3 shareholders, having enormous power (65%), did NOTHING so far to acquire some quality management ? And this is a worry because there might be a completely different game behind the scenes of which we, ordinary shareholders, are not aware of ...
great management, board=great company, page-34
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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 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |