MGX 0.00% 34.0¢ mount gibson iron limited

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

  1. 339 Posts.
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    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
 
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