FreeArt if the U.S. market still dictates the state of the world , which it obviously does, then it has more to fall and so does MGX + many other ASX hopefuls in Australia.
I see no further hope for MGX now or within 12-24 months.
As much as a capital loss which many cannot afford really hurts the brain and indeed wallet err on the side of extreme caution as MGX continues to drop day after day by double % digits.This really spells disastrous outcomes.
Preserve what little capital you now have at these disgusting share prices.
MGX have really mismanaged this whole ordeal and no support has or will be evident any time soon assuming they indeed survive in the next 1-2 months.
The MGX executives will still receive their comfortable fat salaries and will now begin to walk away from the company.
sudden dump, page-46
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.0¢ | $452.0K | 1.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 719630 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 32325 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |