the trading has been quite eye catching, best summarized by...

the trading has been quite eye catching, best summarized by noting that about 15% has been lost since the qood qrtly.

the trades look determined and I expect its a large holder exiting ... every time there is a reasonable buy volume at highest buy point, a left field sell volume arrives to take it out. eg yesterday i think the stack crawled from about 1.1m buy to 1.7m buy around noon .. ten minutes later it was taken back (sold into) leaving around 1.2m on the stack. Largish trades at best prices ready to happen.

I wonder if broker data can tell us anything? Is it simply because there is not a lot of free stock being traded? It is after a fairly illiquid stock in which case there is not a lot of appetite for larger investor with a shorter term window.

Not sure. I thought 45c would pull it up but it looks to be gathering momentum. Maybe 40c is in its sights?

I working on the conclusion that there is a reasonable size parcel/s which is not happy sitting waiting for distributions (of any kind) and is just moving on. And I think they must have arrived at somewhere near MGX's low point as they are persistent with their daily activity. I don't think its being shorted as there is not enough upside (downward price pressure) as the MC nears cash backing.

Sad to watch I suppose.

Have a great day