Whilst the buyback continues and it seems like it's getting tighter and tighter in liquidity.
Assuming they are going to buy up another 50m shares in the next 9 months and possibly another 5%. Mathematically, no other way, this stock will head north. Other than that the following needs to happen.
Acquisition announcement Interest Rates Drop Resource Sector sentiment improves.
No one knows where this stock could go. MGX are very selective and conservative and investors are waiting as to the direction. MGX continue to pick at weak hands buying at every opportunity at bargain prices.
MGX Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)