Why do you think "someone" is holding the sp down? When thw $A was at 58c the CEO told me they expected to earn $11m pa but that the rise in the $a would cost them about $1mill per 1 cent rise, meaning that at 70c the company was profitless. He later changed his tune publicly and came up with half a million per cent increase. In their favour iron ore has gone up about 15% since then in $US terms which wipes out a little over half the effect of the $us rise.
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $536.0M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.5¢ | 43.5¢ | $500.2K | 1.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 95763 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 75757 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |