Hi MarkyMukk
Thank you for your response.
I too would be guessing . . . in that we would make a take over offer above the current market price of the junior . . . so those holding the junior would make a quick profit.
It would seem now that we already have a substantial war chest, and that the war chest is not touted to grow much over the next 12 months . . . therefore now is the time for the BoD to step up and make a commitment. The BoD have recently taken investment in juniors from $3 million, to $5 million, and now to $19 million . . . so it does appear the BoD is getting close to a merger or aquisition.
My question is am I better to be holding the junior or MGX if it comes to a takeover ?
Ann: Quarterly Activities Report, page-20
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $395.6M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $110.3K | 340.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 310526 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 41345 | 9 |
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| MGX (ASX) Chart |