@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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47.0¢ |
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Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 46.0¢ | $510.1K | 1.084M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13080 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 13403 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13080 | 0.470 |
1 | 20000 | 0.465 |
1 | 1326 | 0.450 |
1 | 21897 | 0.440 |
1 | 10000 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 1680 | 3 |
0.480 | 145668 | 4 |
0.485 | 1105 | 1 |
0.490 | 91088 | 4 |
0.495 | 6000 | 1 |
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