If you look the last few querterly you can see the modus operandi of big guys( funds) who control the price. In the last two quarters the SP was pushed down around three weeks prior to realise of QR for no reason. With subsequent QR the SP was then pushed to new medium term high. For example on 11/07/23 3 weeks before June QR the SP was pushed down to 40.5c then few weeks later with QR it reached hihg of 51.5c. Then on 10/10 again 3 weeks prior to October report the SP was pushed down to 42.5c only to reach 57c with subsequent QR few weeks later. I hope you see the pattern. Looks like the history is repeating itself again. In the mean time the Iron ore price, MGX cash pile and revenue keep increasing......,.
MGX Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
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