MRQ 0.00% 0.4¢ mrg metals limited

Ann: Trading Halt, page-36

  1. 1,210 Posts.
    lightbulb Created with Sketch. 266
    Just to remind everyone that nothing has changed except massive repercussions from the cyclone.
    management is being opportunistic to raise CR whilst no real new news... good on them
    Good real news is well into the future and will not support the current euphoria in the SP.
    TA vs FA.
    but no TA without more FA.
    there will be a retracement but to a lower high
    my guess is well done to all those that got out
    Lower levels will be back as placement guys look to get a quick twist and get out
    how many many times has this happened before ?
    i wrote many months ago about the quick placing to soph investors when it should go on a rights basis to existing holders/believers. Sadly nothing changes in mgmg psychology, just the quick grab and snatch.

    markets globally are overbought and dont reflect economic fundamentalls regardless of a few loose sands prices.

    I am expecting the SP to tank as short term traders and placement holders want a quick out.

    my expectations are SP will revisit 1c quickly
 
watchlist Created with Sketch. Add MRQ (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $10.1M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $16.85K 4.672M

Buyers (Bids)

No. Vol. Price($)
31 60221599 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 11370528 13
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MRQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.