Major shareholder buys another 12 m shares on market in last few days.
I strongly suspect a TO bid ( bid to take MGX private ) coming soon
If you buy enough shares at 25c when the stock has 40c in cash and another 2-6c coming , you ca n then lodge a TO at say a little above cash and get the final 20% of holders over the line to get to your 90% compulsory acquisition level
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Last
38.5¢ |
Change
-0.005(1.28%) |
Mkt cap ! $454.4M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 38.0¢ | $232.7K | 603.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 68205 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 304456 | 12 |
View Market Depth
| Last trade - 16.10pm 04/08/2025 (20 minute delay) ? |
| MGX (ASX) Chart |