I don't know, still have to buy the ore at set benchmark rate, strong share holders on the book who are agressive in their expansion plans and in all likelyhood will push MGX to be more aggressive not just in their current plans but further expansion plans.
For my mind much more to be gained than a takeover at this stage, in 12 months this company will be producing plenty of ore with really good margins and resource upgrades to come.
Patience one feels is the key here.
well........is it a takeover or not, page-4
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Last
41.5¢ |
Change
0.005(1.22%) |
Mkt cap ! $504.1M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.0¢ | 41.0¢ | $310.5K | 751.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47000 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 20000 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |