I'm coming around to this way of thinking. I've held MGX for months but today was about the most disappointing trading day I can remember. The IO price powering along and we have to put up with this ****.
I honestly think the IO price is heading to $100.00 and the market seems to be taking to Australian governments word that it's heading for sub-$50.00.
The government doesn't get a lot right but calling IO prices is not really a part of their brief. Talking down the IO price is definitely not their brief. Fortunately the market is ignoring their IO price predictions in the physical market but accepting their predictions as reflected in Share Prices.
MGX Discount to cash, page-107
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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 |
