Shaw stockbroking are a big believer in this stock and close to the company. They are also very close to RIO.
It is expected that Iron Ore prices will in a couple of weeks be set between 30 & 405 % above current levels and this will be led by RIO.
Shaws analyst says that will value MGX at more than PMM which is currently under offer and puts MGX well over 80 cents a share.
Cheers
expected price - 80 cents or 100%
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Last
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $426.4M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 35.5¢ | 33.5¢ | $446.5K | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 6595 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |