MGX 1.49% 33.0¢ mount gibson iron limited

Ann: Change in substantial holding-MGX.AX, page-6

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 339 Posts.
    lightbulb Created with Sketch. 36
    Strange, holding moved by slightly less than 1% so I don't think they needed to put through a change in substantial holding.

    Final date looks off as well (Date of Change 22/09/2009 - 18/09/2015), you are obliged to put in a change notice within 2 days of your holding changing by 1% or more, so why put one in 9 months after the last transaction? Re the bid, I doubt they would get 90% shareholder approval unless it represented near the cash backing minus remediation costs.

    Good trading though, sold 13.8m shares for $28.6m, bought 28.7m shares for $32m. Net 14.9m shares at a cost of $3.4m
    upload_2016-6-17_8-47-36.png
    Last edited by ArthurDent: 17/06/16
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.