talking to my broker today, they believe MGX now a hold as its fully valued.
If the new pricing negotiations start to ripple through in a few months time, and it is some 15-20% number then they believe MGX could warrant a 200cps price.
Be careful as a bit of hype this week/last week has created some momentum buying. I would expect some ranging to occur from here unless its on the back of "news".
As a L/T holder who has no intention of selling I'm not impacted either way, this is just a post for the novice to throw in some other perspectives...besides its just IMHO anyway.
talking to my broker today, they believe MGX now a hold as its...
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Last
33.0¢ |
Change
-0.005(1.49%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $309.9K | 935.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125248 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 87563 | 4 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |