Im still holding on to me MGX stocks. Just to see how it pans out over our summer.. Iron ore is down to a 2% low since march. But we could see a rise, depends if Chinese buy. =)
The problem is not that the Chinese are not buying ore; they are buying lots of ore. The problem is FMG, Rio and BHP have flooded the market. Supply has overwhelmed demand.
MGX share price, page-8
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Last
28.8¢ |
Change
0.003(0.88%) |
Mkt cap ! $350.2M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.8¢ | 28.5¢ | $137.6K | 483.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 399780 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 223232 | 13 |
View Market Depth
| Last trade - 10.22am 05/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |