re: Ann: Successful outcome in Pioneer arbitr... so in short, pioneer lost its counter claim and got slugged 25 M in damages but then put itself into liquidation to avoid paying it...there is no mention of what the other party is doing but both have been found to be in breach by the looks of it just as the other one was that paid up that extra 20M in the books for the quarter....
As MGX is an unsecured creditor there is no garentee they will see any of the 25M awarded to them however is does neutralise the counter claim made by pioneer in full which is positive
Ann: Successful outcome in Pioneer arbitration , page-4
-
- There are more pages in this discussion • 1 more message 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
32.5¢ |
Change
-0.010(2.99%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.3¢ | 32.5¢ | $387.2K | 1.182M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 90129 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 34887 | 3 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |