I think investors just overreacted to MGX's recent announcements. It puts doubts in the minds of investors. Add that to the current conditions of global markets and then investors start to worry whether or not China will need the ore. Economic slowdown starts to play on the minds of many.
Hey..I have always been a spec investor..but why buy specs right now when the more established plays have gone to 1/4 of their past values. Of course FMG comes with risk still..especially during ramp up and expansion phases but they have come a very long way and Im sure they can do it. Current earnings look strong from recent reports and IO contract prices are still high. It was an easy investment for me at 2.94. Im still watching the markets closely though..
This is not over and there will be plenty more bumps along the way. Im hoping the bottom is in though.
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B |
Open | High | Low | Value | Volume |
$18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45418 | $18.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.30 | 1200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 138057 | 18.260 |
14 | 245292 | 18.250 |
10 | 214518 | 18.240 |
9 | 187705 | 18.230 |
18 | 228899 | 18.220 |
Price($) | Vol. | No. |
---|---|---|
18.300 | 1200 | 1 |
18.310 | 400 | 1 |
18.330 | 132 | 1 |
18.340 | 3281 | 1 |
18.350 | 3000 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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