That sounds like pure speculation to me. Sure the price could go to $1 at some point. When I don't know, but it's never a straight line with these things. Like all good things it will take time, nothing happens overnight.
I think if MGX can get Koolan humming and running at 100% efficiency and the price of Iron Ore remains elevated then sure $1 is possible. But at the same time, we could see a pullback in Iron ore prices or them crater again - I don't think that will happen, but it's good to have a plan B. I sold a third of my holding at 72 cents and will likely sell another 1/3 if we break through 1.10 or something like that.
That sounds like pure speculation to me. Sure the price could go...
-
- There are more pages in this discussion • 5 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
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $170.6K | 567.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15031 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 211701 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
