To be honest i not worry about the slow buyback. Every day they not meet the 600.000 expected to get to the 10 percent, put a higher average buy pressure on tomorrow. That means, they have to buy bigger parcels later. I assume the cheap shares slowly dry up and a price upward trend is imminent. They wont be able to get much more at these bargain prices. And every day MGX makes more money. And with more money in the bank and iron ore prices improving, the number of sellers giving that stock away for less than cash backing is dwindling.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $312.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 26.5¢ | $54.98K | 206.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 122834 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 371292 | 20 |
View Market Depth
| Last trade - 10.37am 17/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |