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.
- Forums
- ASX - By Stock
- MGX
- IO up 5%
IO up 5%, page-23
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
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($) | Vol. | No. |
---|---|---|
28.0¢ | 235808 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 194300 | 0.275 |
17 | 269512 | 0.270 |
12 | 392807 | 0.265 |
9 | 206888 | 0.260 |
5 | 138450 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 235808 | 16 |
0.285 | 252941 | 10 |
0.290 | 95042 | 5 |
0.295 | 86229 | 5 |
0.300 | 142520 | 10 |
Last trade - 13.51pm 10/09/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |