I agree with you, Snakeye.
The market hardly ever prices companies on fundamentals, it is more on 'fear and greed', BUT as individuals, I think it is important to use fundamentals as a starting point and momentum trading (TA) to seek entry.
I bought in again at 45 cents, not much, but enough to keep tabs on the company, and I will keep buying at these levels and below because the fundamentals suggest that this is a buy.
If the fundamentals change, I will dump and take a loss... but with MGX having cash, no dept, port and rail facilities and access to ore, which they dig up and sell at a profit, I cannot see this fail.
Buying MGX is saving for my future. I do not expect an overnight recovery, but the macro environment will change, and that is when I will cash in.
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M |
Open | High | Low | Value | Volume |
43.0¢ | 43.3¢ | 42.8¢ | $100.4K | 233.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 33152 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 92810 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 33152 | 0.430 |
10 | 145369 | 0.425 |
13 | 203978 | 0.420 |
9 | 138816 | 0.415 |
11 | 123839 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 91205 | 13 |
0.440 | 202272 | 7 |
0.445 | 191459 | 7 |
0.450 | 202298 | 7 |
0.455 | 160039 | 5 |
Last trade - 11.07am 15/07/2024 (20 minute delay) ? |
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MGX (ASX) Chart |