The MGX balance sheet should be about 45c cash backed now + all the other assets which are still cash generating... when a stock/business falls to these levels and management haven't done anything stupid lately, I forget about the charts and thank the stock market gods for producing marketeers that are willing to give steep discounts. The current situation with MGX is no different to walking into a supermarket and paying $100 for the groceries, and the supermarket saying, here keep the groceries and our special offer of $100 cash back. I don't know how long the special offer is going to last, so I buy when possible.
thoughts , page-10
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Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $414.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 34.0¢ | $76.93K | 225.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 283474 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 65545 | 4 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |