The market will take an interest when there is an announcement that Qinghai has re-commenced production, although optimists might chance their arm and buy when QSLM management guarantees a start date. ( The MGL Board has learnt not to count chickens.)
Then potential buyers will encounter a liquidity problem. There are only 77.5 million shares on issue and of those QSLM holds 28.85% and Allen Gray is sitting on 19.49%. The other Top 20 holders control 26.12%
So if there is a rush to buy, bidders could be in for a nasty surprise.
And holders will finally be able to sit back and watch the show.
Ann: Magontec Press Release 2022 Annual Result, page-3
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.89M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6075 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 3174 | 1 |
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| Last trade - 16.12pm 09/07/2024 (20 minute delay) ? |
| MGL (ASX) Chart |
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