Thanks @wiljon & @reiners,
Assuming that MMI's SP remains above the 10c opportunity cost at the time of acceptance, one would think that Gulf Shareholders would opt for the share rather than the 10c.
What do we think the new MMI (ex Gulf shareholders) will be thinking?
They will have 43.5M cash in their hands plus 87M shares (assuming at value greater than 10c).
MMI will have a controlling interest and a portion of the 200M synergies (shared with remaining Gulf Shareholders), but I presume a larger register.
Thoughts?
Thanks @wiljon & @reiners, Assuming that MMI's SP remains above...
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Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $249.4M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.2¢ | 4.0¢ | $216.4K | 5.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1673861 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 761140 | 3 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| MMI (ASX) Chart |