I think sometimes Hotcopper can be a breeding ground for conspiracy theories and MGX thread certainly appears to have gone that way.
Iron ore prices remain elevated and likely to stay that way a little while, MGX has had an extraordinary run over the past couple of years and particularly lately. Obviously a stock price cant go straight up forever, however a nice consolidation is happening around current levels similar to what we saw back in early 2017.
MGX will continue to improve their efficiencies pulling ore out of the ground and don't forget the grades are 65% fe. Things are still on track just a bit of a delay in getting the cashflows some were expecting. Sometimes delays are the best buying opps.
- Forums
- ASX - By Stock
- MGX
- Short term Bottom hit?
Short term Bottom hit?, page-45
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $432.5M |
Open | High | Low | Value | Volume |
36.0¢ | 36.5¢ | 35.5¢ | $283.0K | 790.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 439557 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 67284 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 439557 | 0.355 |
10 | 126138 | 0.350 |
5 | 265799 | 0.345 |
6 | 92000 | 0.340 |
2 | 58958 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 67284 | 6 |
0.365 | 100600 | 4 |
0.370 | 63300 | 3 |
0.375 | 102000 | 5 |
0.380 | 75100 | 3 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online