Here are some thoughts on when the next big bounce may occur:
1. Ore Ore Price: Iron ore prices have fallen 35% over the past 2 weeks. All iron ore stocks are down. Worldwide there is still massive infrastructure spending and demand is still high. If we get a bounce in Iron Ore prices then........
2. Anglo Deal. Anglo is a buyer at the end of the day. If they decide to buy or not buy MGU ore who cares. There is always another buyer. At some point in time we should hear about Anglo or some other buyer.
3. Production Date: When we get closer to production date later this year, I can see how we can be trading at these share price levels.
Your thoughts?
The big bounce
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Last
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Mkt cap ! $11.33M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $10.48K | 748.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 459374 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 162534 | 1 |
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| Last trade - 13.55pm 25/04/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.5¢ | 1.4¢ | 433349 | ||
| Last updated 12.55pm 25/04/2024 ? | |||||
| MGU (ASX) Chart |