Arms, many thanks for your response.
I always looked on MGX as one of the better and safer pure IO stocks because of their production and earnings and that it was simply under pressure along with every other stock. But that poor announcement introduced an element of risk and fear to the market that wasn't there before. Shame.
Basically, MGX will still produce and still be profitable but the market now 'understands' they've got problems.
"IF", the markets do bounce (dead cat?) soon, MGX will still be left with the perception that they have problems while others don't.
Are the majority of MGX customers mainly commodity traders in China or actual steel mills?
Any info you can share re MGX would be greatly appreciated.
Thanks again
spot sales, page-10
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |