For those comparing MAG to ALK and the potential market cap for MAG upon confirmation of a big discovery;
- ALK is one of the most shorted stocks on the ASX
- right there alongside Webjet, Flight Centre, A2 Milk (yes, lol)
- ALK is super cheap in its own right
- ALK should be at least double the current market cap (imo)
- I'd give two thirds of that doubled market cap to Boda
- 6.3% of ALK stock is short which means that big boys are shorting/accumulating it (but let's not get into those theories)
As we've discussed many times before;
- MAG will have a $250M market cap increase ($1.15 in share price increase) on confirmation of a big discovery (just like ALK & SVY added $250M on their discoveries)
- from there it's up to further MAG results
Cheers,
GB.
ASX shorted stocks listing (https://www.shortman.com.au/):
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Last
5.9¢ |
Change
0.002(3.51%) |
Mkt cap ! $24.60M |
Open | High | Low | Value | Volume |
5.9¢ | 6.0¢ | 5.8¢ | $23.67K | 401.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 76688 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 12000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 76688 | 0.060 |
2 | 25181 | 0.057 |
6 | 163539 | 0.056 |
5 | 373361 | 0.055 |
3 | 385660 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 12000 | 1 |
0.069 | 9000 | 1 |
0.070 | 30303 | 1 |
0.075 | 15000 | 1 |
0.085 | 159000 | 1 |
Last trade - 15.38pm 28/06/2024 (20 minute delay) ? |
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