Hi MarkyMukk
Thank you for your response.
I too would be guessing . . . in that we would make a take over offer above the current market price of the junior . . . so those holding the junior would make a quick profit.
It would seem now that we already have a substantial war chest, and that the war chest is not touted to grow much over the next 12 months . . . therefore now is the time for the BoD to step up and make a commitment. The BoD have recently taken investment in juniors from $3 million, to $5 million, and now to $19 million . . . so it does appear the BoD is getting close to a merger or aquisition.
My question is am I better to be holding the junior or MGX if it comes to a takeover ?
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4 | 73000 | 0.320 |
2 | 618928 | 0.315 |
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Price($) | Vol. | No. |
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0.335 | 221545 | 2 |
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