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.
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $27.87M |
Open | High | Low | Value | Volume |
35.0¢ | 35.0¢ | 35.0¢ | $4 | 10 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 4640 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 0.320 |
1 | 20620 | 0.290 |
1 | 10000 | 0.280 |
1 | 30014 | 0.275 |
1 | 3700 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 4640 | 2 |
0.370 | 32000 | 1 |
0.385 | 5000 | 1 |
0.410 | 2220 | 1 |
0.480 | 3140 | 1 |
Last trade - 10.04am 18/07/2024 (20 minute delay) ? |
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MGL (ASX) Chart |