The exceptionally low volume prior to today had me thinking that a CR is possibly on the way. I remember the same pattern in early April 2023. Anyone can check the daily chart over this period and they’ll see the tiny volume that lead into the CR.
We have a full suite of executives now (which is a good thing as it’s necessary for us to deliver a successful mine), but also comes with a hefty bill.
Important to remember that a CR doesn’t have to be a negative. April 2023 CR was priced at 10.5 which was only a 5% discount to the last close price. After the CR, the share price never went backwards and actually climbed 300%+ in the following months.
Of course the share price doesn’t go up simply because a CR is run. It takes decent news flow + recovering spot prices as we found out last year.
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Last
24.8¢ |
Change
-0.013(4.81%) |
Mkt cap ! $714.8M |
Open | High | Low | Value | Volume |
26.0¢ | 26.5¢ | 24.5¢ | $1.649M | 6.417M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 465130 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 401153 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 513820 | 0.245 |
22 | 569121 | 0.240 |
13 | 413329 | 0.235 |
17 | 553177 | 0.230 |
1 | 72537 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 385133 | 17 |
0.255 | 568663 | 23 |
0.260 | 1804380 | 20 |
0.265 | 963025 | 16 |
0.270 | 850818 | 18 |
Last trade - 14.34pm 13/05/2024 (20 minute delay) ? |
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Last
24.5¢ |
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Change
-0.013 ( 5.77 %) |
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Open | High | Low | Volume | ||
26.0¢ | 26.5¢ | 24.5¢ | 2502167 | ||
Last updated 14.47pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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