i think that shougang will not launch a takeover bid. their intention is just to secure iron ore supply and to keep MGX safe. Now shougang + APAC control 40% of MGX. this is a big hurdle for anyone else to takeover MGX.
I am sure shougang won't sell even one share.
i think it's in fact a good news. Shougang should be a good backup for MGX. Business should be as usual, just in the share register, Gazmetalls change to Shougang.
well........is it a takeover or not, page-2
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.8¢ | 32.0¢ | $128.9K | 399.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 146010 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 84250 | 3 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |