you maybe right i would expect the chinese to try to claw back some of the high price recently negotiated. maybe they are using the command economy to do that.
But of course they had to wait till afetr the olympics. Once that was done they decided to take on the io miners in a big way.
prices will fall for whatever reason. Lucky the exchange rate also fell.
but will demand return? In the meantime they have some fantastic t/o opportunities such as mgx mmx ago and a few others
merrills rates it a takeover target, page-7
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Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $432.5M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.5¢ | $283.0K | 790.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 439557 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 67284 | 6 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |