"Basically making up numbers - why would anyone pay AUD$5.29 a share when they can buy it for 90c a share?"
That is the precedence set by MGE as per the 27 Dec 2023 announcement. Renergen was AUD0.95/share back then on this date Dec 27 and about an AUD140m marketcap. But with 5.5% of Renergen worth then AUD 7.7m on market they were willing to pay AUD43.4m for 5.5% of Tetra4 whilst Renergen still holds the other 94.5% of Tetra4. MGE paying the equivalent of more than AUD5/share
Management would be doing us shareholders a disservice if they don't strive for a similar valuation or higher for the nasdaq ipo in my opinion and hence limiting dilution.
"Basically making up numbers - why would anyone pay AUD$5.29 a...
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Last
75.0¢ |
Change
-0.035(4.46%) |
Mkt cap ! $22.74M | |||
| Open | High | Low | Value | Volume |
| 77.5¢ | 78.5¢ | 74.5¢ | $121.4K | 160.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 19539 | 2 |
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| RLT (ASX) Chart |