Spot on Djingo A lot of stocks ST Share price is driven by insto...

Spot on Djingo
A lot of stocks ST Share price is driven by insto research. The key is whether this is accurate or flawed. The insurance payout creates a big differential in valuations as does the fact the IO price assumptions have been way off.
Do not be surprised these broking houses are the same people who have the open shorts , thus until the close them you may not see any broker updates or changes in view
Market buying or selling based on broker research can be very flawed - some recent examples include SRF a buy at 2 dollars - now 30c odd , toll holdings a sell at 6 days before a TO offer near 10, TWE a sell at 5 now 10
If MGX move into anything remotely attractive ( gold, zinc etc or perceived to be Better LT - Uranium / oil , then I assure you broker research will recommence with gusto and you will see broker targets of 40c plus
Take the opportunity to buy up if you can , in this environment cash is king, and MGX have plenty of it
Despite having a very big exposure , I bought a few more at 23.5 today