You could be right macshare, and if so I am happy to add to my position on this one.
My bet today is based on the fundamentals already covered very well on this thread and that the ARI news has affected sentiment towards the sector today. ARI is very different beast to MGX - not only is it a vertically integrated miner & steel producer but its financial position is obviously in quite a different state to MGX's.
MGX's SP in the short to medium term will be affected by the IO pricing outlook, its financial results and any ann about what it decides to do with its cash. The "ARI effect" I expect will be a short lived and creates an opportunity to buy a solid asset like MGX at a price (possibly lower than today) that otherwise wouldn't have occurred.
Cheers, Sharks.
You could be right macshare, and if so I am happy to add to my...
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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 |
