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0.3¢ mrg metals limited

I highly doubt we head back down to 1 cent...

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Lloydbrawn88

11,118 Posts.

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29/01/21

07:04

Post #: 50523257
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Originally posted by NL57: ↑

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

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I highly doubt we head back down to 1 cent...

MRQ Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 0.3¢		Change -0.001(25.0%)		Mkt cap ! $8.134M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$15.79K	5.165M

Buyers (Bids)

No.	Vol.	Price($)
29	19752468	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	21802270	12

View Market Depth

No.	Vol.	Price($)
29	19752468	0.003
20	16997476	0.002
28	41484106	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	21802270	12
0.005	23076666	15
0.006	11188313	12
0.007	6184000	9
0.008	5188095	6

Last trade - 12.40pm 11/10/2024 (20 minute delay)

MRQ (ASX) Chart

I highly doubt we head back down to 1 cent...

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I highly doubt we head back down to 1 cent...

Top Stories

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