"was seen by most insto’s that MSB was at failure point."
I don't think so. More like a opportunity to average down and take a bigger position in a CR. Well at least we know what M & G did. Too cap the SP around the dollar was not to much of a concern, to dump after the CRL was not OK. SI new that GG was buying then to support the company , more than anyone could say for M & G. Basic dump, force a credit squeeze that would demand a CR and buy back in at perhaps as low as 20 cents.
No wonder SI maintained control of the CR. M & Gs plan to take a very large holding for no outlay failed. According to ET , insto’s no longer trust SI. Wouldn't be surprised if ET had some inside knowledge to M & G. Perhaps even court out playing the same game.
Ann: Change in substantial holding, page-216
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Last
$1.11 |
Change
0.055(5.24%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.13 | $1.04 | $6.781M | 6.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43856 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 66000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |