No, not at all. If it were otherwise, MGX would've been up at over 40c months ago. FOREX is somewhat of a red herring. Its all about emotion. IOP goes up, IO company SP goes up. Sorry for the crude cut and past, but below is MGX's SP price over the past 5 years (grey) and below that the IOP (blue). You can see that the primary driver in the SP is the IOP. MGX-specific news are merely pimples on the primary correlation.
It will all come out in the wash as quarterlies are released, but before that raw emotion is the primary driver.
Hope IOP keeps going up - I've got my eye on that, not MGX's bank account.
KI project on current spot, page-19
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
