Could be more pain. IO price down on last quarter. If it...

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Travvo88

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20/07/24

09:26

Post #: 74838079
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Originally posted by AlbertE: ↑

The market was right with MGX and the chart told the story for those that wanted to listen. For the last 6 months. Contrary to what we had been told too. How did the market know? Do they have inside information on how poor the company was performing. Are their whispers. FEX was climbing Whilst we were going down. And here I was thinking how? The company is making $80-100 million per quarter.

Well now we know. A loss of $1m for the quarter. That is crapola. From why they had told us months ago that they would be making heaps of free cash flow. And now they say that there will be one year that is a right off. So no dividends for another 15months.

This has been a terrible investment since its decline from $1.

All I can say is I am lucky I sold most of my stock at 53c.

I sold the rest of it the day they announced their quarter. There has to be better opportunities elsewhere.

Good luck all. I am sure that now that I am out they will announce a purchase of a junior copper play and the stock will rally hard. But that is the way it is sometimes. I wanted to stay but that last quarter news of the poor quarter plus disappointing FY25 was the last straw. Irrespective of the war chest.

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Could be more pain. IO price down on last quarter. If it continues to remain subdued, we'll see a negative pricing adjustment to the last quarter.

MGX Price at posting: 38.0¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 26.0¢		Change 0.000(0.00%)		Mkt cap ! $306.6M

Open	High	Low	Value	Volume
25.8¢	26.0¢	25.5¢	$304.7K	1.176M

Buyers (Bids)

No.	Vol.	Price($)
8	537339	25.5¢

Sellers (Offers)

Price($)	Vol.	No.
26.5¢	322931	8

View Market Depth

No.	Vol.	Price($)
8	537339	0.255
16	1229860	0.250
5	296021	0.245
2	240000	0.240
2	10336	0.235

Price($)	Vol.	No.
0.265	322931	8
0.270	192140	5
0.275	621600	6
0.280	262644	8
0.285	148939	4

Last trade - 16.13pm 26/06/2025 (20 minute delay)

MGX (ASX) Chart

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