Why would FIRB reject the underwriting agreement as reported and reject the possible increase in holdings to 40%? FIRB has already set a precedent with MMX and AED to allow overseas investors increase to 40 & 49% so see no problem with the MGX deal. The interesting fact today is that 10% of the issued capital changed hands today so whilst I do believe that the average punter has no interest in participating in the upcoming share placement I believe that there was a large accumulator today that has other ideas. Watch this one over the next few days and if the price does trade higher on unusually high volume I would suggest that the accumulation is strategic with the ultimate aim of securing additional shares in the upcoming placement.
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $365.5M |
Open | High | Low | Value | Volume |
30.5¢ | 30.8¢ | 30.5¢ | $52.7K | 172.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33062 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 361574 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 115946 | 0.300 |
10 | 187350 | 0.295 |
8 | 127718 | 0.290 |
3 | 128643 | 0.285 |
3 | 67990 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 23383 | 2 |
0.310 | 308648 | 13 |
0.315 | 124700 | 6 |
0.320 | 234300 | 5 |
0.325 | 111300 | 7 |
Last trade - 10.16am 13/09/2024 (20 minute delay) ? |
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MGX (ASX) Chart |