MGC 0.00% 43.0¢ mg unit trust

Ann: MG increases FY18 Opening Price and FMP Range, page-13

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  1. 12,188 Posts.
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    True. A harsh reality for David but I would guess he will be gone after the financial year and release of annual results are all done.

    Still we wait to see what the new Board and CEO come up with as their survival strategy for MGC - a full ASX listing or split of products into the listed vehicle or revert back to a pure coop or something else.

    One scary suggestion has been to shrink the business way back to a small coop only operating in the Gippsland region and exit all other regions and plant operations. Boys this one would hurt Unit holders as they would effectively have done their money.
 
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Currently unlisted public company.

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