There are a lot of sellers around because MXG was once a private company owned by the Roberts familly and as it is still finding it's feet as a publically listed company, it doesn't quite understand the need to keep the market properly informed. The market thinks the company is construction company and is interpreting any financial data to come out as that related to a construction company. MXG sees it self as a LTP and all the debt restructuring etc is not a result of stuff ups on the construction side of things, but merely an attempt by them to derisk the company and take on the characteristics of an LTP.
MXG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held