Agree with several of the sentiments here, management have quite a bit of blame for that, as I agree that ever since IO price crashed and DSO went off the table, the communication has been pretty poor to the market and the progress has been very slow.
But at the same time, this is the very risky end of the market and it is subject to extreme swings like this. The comment above about it being bullish last week and after one day it’s suddenly totally bearish is right on the mark…nothing is different now to last week with the company and the project itself. The US market and political situation is very volatile currently, some of the fear here might be due to the location and perceived exposure of MGU to that volatility.
2022 the year of MGU, page-91
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.52M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 94289 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 30000 | 1 |
View Market Depth
| Last trade - 09.23am 10/07/2024 (20 minute delay) ? |
| MGU (ASX) Chart |
Day chart unavailable