MGX has incredibly good fundamentals and I think in the future it will be India and not China which will turn it into a world leader.
The IO grades of MGX are far better than most iron ore producers and explorers in the mkt at the moment and this will definately work to the advantage of MGX.
While China may slow initially, it still has a long way to go considering a population th esize of Japan and Germany COMBINED while be moving from the country to the cities over the next 3-4 years.
Ride out the volatility and MGX will show itself as a powerful force. If it breaks $2, that is a worry technically though.
fundamentals, page-2
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $510.2M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.0¢ | 41.3¢ | $309.6K | 744.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 140503 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 299937 | 11 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
41.5¢ |
Change
0.010 ( 1.22 %) |
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| Open | High | Low | Volume | ||
| 41.5¢ | 42.0¢ | 41.0¢ | 170074 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| MGX (ASX) Chart |