W
I suggest you actually read the other's post properly, then, before you go off quoting them. The US$101.60 price quoted is an MB65 FUTURES (ie, options) price, not an actual current price. By the look of it, its an outlier anyway. The current actual IOP is below US$80. Sorry, I'd call that ramping; you opened your post with an "alternative truth"
MGX doesn't need ramping if it just does its job. As I've said with nauseating repetition in this forum: MGX's price is below cash backing because the market sees inherent risk of nondelivery and, more to the point, without a clue or a plan of what they'll do with the cash. Consequently, the cash is discounted.
Next Mining Boom Coming, page-8
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $350.5K | 1.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 127764 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 302574 | 6 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
