Rab well that probably holds true on this forum but if recent trades and volumes are anything to go by just enjoy the ride. If it breaks $2.09 which I expect it to ,who really knows where MGX is going.
MGX management MUST use their strong balance sheet and credit lines to either buy a large stake or acquire a good fit like Aztec resources (Koolan Island) even though they may pay extra $$ now that producing iminers globally have picked up.Well and long overdue .
They must now move away from organic growth and planned mining of existing tenaments and BUY into larger and proven midtier IO outfit preferably in Australia, Very suprised that the Chinese major shareholder and their associated board representatives who are flushed with cash are not aggresively pushing MGX to rapidly escalate their acquisition plans to build much much bigger scale.
mgx anyone watching closely , page-21
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 28.0¢ | $224.7K | 796.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 132300 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 103176 | 2 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |