A TO is probably out of the question.
Firstly, it would need to be done on a fair and reasonable basis - so there is no prospect of getting a cash box cheaply.
Secondly, the likes of Shougang could not vote (as a related party) in any TO vote by shareholders.
Thirdly, with APAC holding such a big swag of MGX, there would be little appetite for this company.
The only way a TO could get up right now is through a scheme of arrangement with APAC/Shougang agreeing to sell into it. I cant see that happening.
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Last
27.8¢ |
Change
-0.003(0.89%) |
Mkt cap ! $335.0M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 27.5¢ | $182.8K | 653.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 194300 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 235808 | 16 |
View Market Depth
| Last trade - 13.51pm 10/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |