Freeart another important consideration as to whether you still hold or sell MGX must include China within that overall equation.
China is responsible for producing an astonishing 3/4 of the worlds wealth over the past 3 years and given their economony is contracting (due to developed countries financial mismanagement and associated consumer demand decline)their GDP is expected to fall below 8 % which was last seen in 2004.
Iron Ore $$ and volume simply cannot stand up to such drop in considerable China /Western country demand.
Unless MGX can negotiate new contracts with large steel mills elsewhere or gain support from investment banks they are in severe strife.
Cars /Buildings /Construction work are all being suspended or cancelled from production plans... These are tell tale signs on the prognosis for iron ore and therefore MGX.
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Last
34.0¢ |
Change
0.015(4.62%) |
Mkt cap ! $407.8M |
Open | High | Low | Value | Volume |
33.0¢ | 34.0¢ | 33.0¢ | $1.090M | 3.281M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42619 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 411301 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42619 | 0.335 |
6 | 309011 | 0.330 |
4 | 209556 | 0.325 |
18 | 206824 | 0.320 |
4 | 91032 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 411301 | 5 |
0.345 | 218437 | 8 |
0.350 | 189815 | 7 |
0.355 | 137345 | 4 |
0.360 | 152185 | 5 |
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