What will the rights trade at? LOL.
I can't get my head around what I'm seeing. Could someone spell it out for me. Shougang purchasing @ 60c, current share price 25c - what is the worst case scenario? Is there a possibility the company could go bust after this deal? The only reason the price deserves to be in the 20c range is because company might go into administration.
I've seen a company go to the crapper with a major stakeholder, ENG is 70% owned by channel seven, but didn't stop it getting smashed all the way to 2c. Problem is ENG isn't cash flow positive, it seems this isn't so much a risk for MGX (or is marginal).
Be interested to hear from people what they see the risks as, should this issue go through.
i dont get it, page-10
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $309.9K | 956.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |