@Silent-Bubbles Correct, i bought 2,500,000 units at 0.0095 they went through at so don't expect the needle to move at all,
I am prepared to swipe another 11,000,000 shares if some of these peanuts want to drip that price for me slightly lower.
I seen someone here talk about Atlas Iron getting bought out. CTM will get bought out i reckon and if it does after some approval go in of course the buyout price is way above $0.01 cents...
The book value of the assets / projects alone on the back end of the iron ore forecast and outlook. I see this been valued at a comfortable $0.05 cents as is.
I personally think MGX might want to diversify given their Koolan Island mine has only 5 years left in it and they have a war chest of cash/zero debt to play with. Rumor on the rumor mill is they are looking at diversifying outside of just iron ore.
Either way, i would be wanting as an executive want to look at acquisitions in the near future while the price is here so there is a nice amount of deductibles to put down on the balance sheet in further reporting years when prices may be in a subsidized state. That would be intelligent business.
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Mkt cap ! $210.8M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16700 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 30000 | 2 |
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No. | Vol. | Price($) |
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1 | 16700 | 0.425 |
3 | 148520 | 0.420 |
4 | 31117 | 0.410 |
4 | 47500 | 0.405 |
11 | 110250 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 30000 | 2 |
0.440 | 64 | 1 |
0.450 | 36227 | 3 |
0.455 | 4600 | 1 |
0.460 | 10000 | 1 |
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