The IOP has been over $70 for a week now, sitting at US$72.84/t last night. I would've thought that was pretty conclusive. Good luck to using charts to predict it. The reality is, historically the next movement for IOP is likely to be down for reasons already stated. It happens every year.
I hold, so I'd love an IOP above $80, but I've misplaced my rose coloured glasses.
The more important thing is the continuation of good business. MGX announced today a contractual extension to its tie up with SCIT Trading for Iron Hill product. MGX cant control pricing, but it can control strategic marketing and costs. It has demonstrated it is addressing these well.
MGX Discount to cash, page-74
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30.0¢ |
Change
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Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $237.0K | 789.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 195619 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 195225 | 4 |
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| MGX (ASX) Chart |
