Only a few weeks ago shaw stockbroking did a placement on behalf of MGX with a minimum buy of $50k
aud.
The Placement was done at 85c
The stock is now languishing at 63c.
Notwithstanding the fact that market has corrected across the board, is the price now at fair value?
Or is the stock dirt cheap and a screaming buy?
Or did the sponsoring broker inflate the placement price and simply do a Hoover on unsuspecting punters...
As I sip on Tenessees finest vintage im wondering, did I blow my hard earned on some Iron Ore mining scrip when i could have blown it on more Jack.....or will MGX prove to be the master stroke that allows me to move from Jack to something a little more sophiticated .....
mgx screaming buy or ugly flop???????
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Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $519.3M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.5¢ | 42.0¢ | $530.4K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21914 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 73759 | 3 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |