People buying in the recent lows, say 17 cents, probably think 4 cents rise is damn good.
Media suggesting a pullback, I tend to agree on the premise that the fundamental overhang still shadows the IO industry. However, it will turn, the world is growing (some argue backwards), while MGX has money to spring on buyouts when and if needed.
It's a far call from $2, or even $1 or even 60 cents... But it has survived the downturn and the future is its own, if management can hurry and finish their game of golf. Lol
;-)
MGX -> 19 bid -> breakout?, page-100
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 (20min delay)
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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 |
