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
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $16.94M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.5¢ | 33.0¢ | $60.95K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11855 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 1338 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RGT (ASX) Chart |