I think betting against MGC (selling/Capping) at this level is to shakeout loose holders from instos that got stock at 6.5c. Alot of MMs/Ganjas will fail but MGC is best resourcedand positioned.
All the sellers will pay overs to get back in.
Chart bottom looking good. As soon as our capper at 7.6-8c is done, this flies IMHO.
Only good news to come, so hes betting against the weight of capital, balance sheet and lower valuation,
US/Canada valuations for lesser positioned and capitalised is 10x times higher so I can see MXC at 30c easily.
Ill pick up more if it goes lower.....our seller /capping friend maybe sorry when he sees it 12-15c after dumping so many.
GG
I think betting against MGC (selling/Capping) at this level is...
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.58M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 30.0¢ | $2.567K | 8.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47481 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 8026 | 2 |
View Market Depth
| Last trade - 15.53pm 21/06/2024 (20 minute delay) ? |
| RGT (ASX) Chart |