MGL 1.45% 35.0¢ magontec limited

The market will take an interest when there is an announcement...

  1. 648 Posts.
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    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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35.0¢
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Mkt cap ! $27.87M
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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
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Last trade - 10.04am 18/07/2024 (20 minute delay) ?
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