As I have posted several times on MGX, half the shares were issued at nine cents, so expect plenty of selling in the 10 - 12 cent range as people take a quick profit.
When this profit taking is over and those who are in for the longer term ride are the big majority then the price should rise significantly.
If production is on schedule and hedging is OK then I would expect the shares to be around 20 cents by this Xmas.
Dave R.
mount gibson , page-15
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Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $462.9M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.0¢ | $885.8K | 2.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 943011 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 58792 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |