This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

MGX - Mount Gibson Iron

Jump to new
Re: MGX

Both the sellers at at 68 and 69 cps, are gone from the board now. Maybe they realised they'll get more for their shares sooner rather than later. It seems to be travelling very well so far today.
 
Re: MGX

The CEO of SWG is joning the MGX board????
 
Re: MGX

Encouraging results today again, closed only .5 cents below the high of the day. That 70 cents per share mark is looking very close now.
 
Re: MGX

Looks like 69cents per share is the one to pass, its having a bit of trouble getting past there. Seems to be alot of increased interest in this share though, which is a nice positive.
 
Re: MGX

El Niño,
I feel that someone is accumulating MGX at the moment. Have patience, I'd give it another 2-3weeks before it cracks the 70 barrier. But once this has occured we will be looking at new highs shortly thereafter. You seem to be a keen fan of MGX do you hold?

I did, but sold to find better value elsewhere. Though would be more than happy to jump back on board once it cracks the pivotal 70

Cheers
 
Re: MGX

I do hold Prophet, im just curious to here other people thoughts on the state of this one, thats why there is so many posts from me .

Thanks for yours.
 
Re: MGX

El Niño
Cracked the 70 today. One would think this is surely a good time to jump in. I know I did!!
 
Re: MGX

chriswillz said:
El Niño
Cracked the 70 today. One would think this is surely a good time to jump in. I know I did!!
Click to expand...

Ive been watching it all morning chris, I had a feeling it would break the 70c mark today, but wasn't sure. Good luck with your buy. There seems to be alot of interest in this one now.
 
Re: MGX

Nice finish today, cant wait for next week. New directory appointed, exciting stuff people, im excited!, . Finished on 71.5cps with a high of 72cps. This new directory information must have leaked a bit earlier i'd think, hence the increased buying over the previous 3 days. It looks like he's got quite a nice history, and some good contacts to help MGX get a few deals in, lets hope so atleast.

Selling seems very scatered currently, far more buyers than sellers in the market depth. Someone else's view would be nice if you care to share...?
 
Re: MGX

chriswillz said:
Finally what we have all been waiting for... @74cps as we speak

Cheers
Click to expand...

Also watching closely chris. Its looking promising. Depending on the outcome today, we could be on a breakout.
 
Re: MGX

Looks like its holding off for a while. Having trouble keeping above that 70cps mark.

Any other thoughts?
 
Re: MGX

MGX will probably hit as low as 65-66 before returning up over the 70mark. It just seems to have lost some momentum. I suppose buyers are getting frustrated with the slowness of the uptrend.

Cheers
 
Re: MGX

prophet, you maybe right, it wants to go, it has the fundamentals behind it, we just need news flow, also i expect some punters want to see the shougang deal first before they buy in.
 
Re: MGX

TheProphet said:
MGX will probably hit as low as 65-66 before returning up over the 70mark. It just seems to have lost some momentum. I suppose buyers are getting frustrated with the slowness of the uptrend.
Click to expand...

Sorry if this seems like a stupid question, but how can buyers be frustrated with the slowness of the uptrend?, They are the ones responsible for it. For quite a few days, there were some small ammounts of sellers wanting to go for sells, lots of maximum 50,000. Yet the buyers were hesitant and didn't even go above 71cps. It seems to me like there hasn't been enough exposure of what is happening to make people more interested in it.
 
Re: MGX

Sorry El Niño - could have been a little crisper on the wording. Meant that those "holding" mgx could have expected a steaper uptrend. Which obviously has not occured yet.

Cheers
P.S. Look 4 MUL tomorrow morning - set for some action
 
Re: MGX

Certainly, looks like a great long term trade - however I am more in the short term market.

In that respect better value elsewhere

Cheers
 
Re: MGX

Big buyer in this arfternoon. 3,000,000 at 71cps
Something big may be about to happen.
 
You must log in or register to reply here.

Similar threads

R
My strategy/plan going forward
Replies
13
Views
961
RbNEO
R
Wise Advice for Investors and Traders on "Experts"
Replies
3
Views
724
Smurf1976
M
WEF corrupts countries
Replies
6
Views
367
SirRumpole
January 2025 DDD
5 6 7
Replies
129
Views
9K
divs4ever
September 2024 DDD
2 3 4
Replies
66
Views
10K
qldfrog
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...