MGX won't go up until FMG goes up. FMG could break upwards in a big way, any day now. I'm waiting for another day where the iron ore price spikes up and there could be a mad scramble for shares in all the Iron Ore miners.
The institutions are saying that Iron Ore prices are heading to $50.00. Once there's another move past $70 it will put them in an awkward situation.
My reading of the Iron Ore price charts is that it's about to take off. Obviously I could be very wrong but that's just how I see it.
MGX Discount to cash, page-56
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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 |
