To my humble mind,there is an element of window dressing in the deemed price of 12 cents.
Chances are that the broker, BSF or whoever has indicated to them that one/some of the institutional shareholders who intended to cover off the shortfall in option exercise by 30 June may not be very willing to do so given the current volatility/uncertainty in the market.
The above assumes that the initially expected proceeds from option exercise is more than sufficient to pay the acquisition/farm in amount to Sherwin, which is now being postponed.
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Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $92.80M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.00 | $1.00 | $8.935K | 8.935K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 11060 | 1 |
View Market Depth
| Last trade - 15.59pm 04/07/2025 (20 minute delay) ? |
| MYG (ASX) Chart |