The algorithmic trading atm the moment suggests a sizable investor is at play, now whether they are accumulating or unloading is hard to fathom.
As has been suggested to obtain the amount of shares on offer under the CR would be impossible at current prices so a premium to current share price should be expected.
The next catalyst for the SP is likely to be the result of the CR, I wonder when we will know that?
Also suspect the DFS may be close to completion.
Oscar
MGO Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held