It makes sense for US institutional investors to sell their shares in Australia as the profit will need to convert in US$ which will not give them a lot if money because of ghe conversion rate. So, they are using every price push up to sell their holdings. As soon as thry are gone we will be in to the space!! Just need to make sure I have the best seat reserved for me!!
MGX Price at posting:
45.8¢ Sentiment: None Disclosure: Not Held
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