Lets see how things transpire over the coming weeks GB.Although...

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29/02/24

07:11

Post #: 72658776
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Originally posted by Green Bull: ↑

Volume is probably anything but irrelevant, based on MAG's normal volumes, and not comparing to BHP!

Today's MAG volume is one of the highest in the last 12 months, and there very only a handful or days with higher volume than today.

5 straight days of gains, so someone is excited.

Before the green days, there were 2 red days in a row which decreased the share price by about 16%, and that was on volume that was about 10% of today's volume (ie. super low volume, worth only a few thousand dollars).

So, volume, especially today is "through the roof", and likely not even higher only due to barely anyone selling - pretty much the opposite to when it was going downwards.

Anyway, whatever the reason for the buying, it's a welcome relief for us, and I'm sure for the company in improving their negotiating power with any potential partners, and also it's increasing the vwap and CR price if they did go down the CR route if a deal can't be reached in time.

Also, share price was 14.5c not long ago, and there has been no dilution since then, and we have had a resource estimate announced since then plus more drilling too (and some silence from the company too, but hopefully ends up worth it, via a (good) deal being struck).

Cheers,

GB.

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Lets see how things transpire over the coming weeks GB.

Although I do agree percentage wise when comparing trading volumes recently your comments are accurate.

When comparing recent trading volume to MC paltry.

We're on the same team however and want to see the company succeed so cross fingers you are right with your hypothesis and I am wrong with my observations

MAG Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.4¢		Change -0.005(7.25%)		Mkt cap ! $26.69M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.4¢	$6.264K	96.52K

Buyers (Bids)

No.	Vol.	Price($)
1	35235	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	35235	0.064
1	97101	0.063
1	12615	0.062
2	54959	0.060
1	47204	0.057

Price($)	Vol.	No.
0.073	100000	1
0.080	5000	1
0.084	35000	1
0.085	159000	1
0.088	59000	1

Last trade - 15.41pm 22/07/2024 (20 minute delay)

MAG (ASX) Chart

Lets see how things transpire over the coming weeks GB.Although...

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HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

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Lets see how things transpire over the coming weeks GB.Although...

Top Stories

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

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