re: robertsharron Totally agree robertsharron
I am sure the big players that have been accumulating over the past 6 weeks were well aware of the facts and are buying a slice of this co for its future and not just this half year.
MGX is a ASX 300 co and it takes a mountain of money to push one from 67c to $1 last week.
I believe they are taking the hit this Quarter and spending lots of $ so everything is in place for the next 12 months and all the little ducks are in a row.
Today is just another transfer of wealth from the inpatient to the patient.
I have alot of respect for Paul100 as we rode Redflex together from 50c to $3.80 where I got out but I feel his view on MGX is very shortsighted
Facts: 34 new rail wagons have arrived
Cash in hand at around $40 million
I have always thought MGX management were a bunch of amateurish bumbling 3 stooges and attending the last 2 AGM has done nothing to alleviate this view but they have taken this co from a 15c non producer to an ASX 300 co in 20 months which is a 500+% return for me
I will hold with confidence as MGX goes from $1 then $2 then $3 and so on
Cheers
kawartha
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $383.7M |
Open | High | Low | Value | Volume |
33.0¢ | 33.3¢ | 31.0¢ | $846.6K | 2.641M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 93644 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 95399 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 89544 | 0.315 |
13 | 398360 | 0.310 |
7 | 113867 | 0.305 |
12 | 278161 | 0.300 |
3 | 75689 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 95399 | 2 |
0.325 | 58500 | 3 |
0.330 | 90000 | 3 |
0.335 | 85000 | 3 |
0.340 | 298470 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
MGX (ASX) Chart |
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