MGV musgrave minerals limited

Will certainly be a messy situation if they only get to 50.1%....

  1. 1,795 Posts.
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    Will certainly be a messy situation if they only get to 50.1%. Can't imagine any SH would want to be left in that situation, but I can't see an increased offer due to tardy acceptances.

    What would be interesting is if WGX SP continues to out perform RMS.

    ATM, with WGX SP up 5% to $1.67, that values their offer for MGV at $0.31/share (591M / 5.37 * 1.67 or MGV value of $184M)

    RMS SP of $1.28 (plus 4c cash) values their MGV offer at $0.34/share (591/ 4.21 * 1.28 and MGV total value at $203M - incl of 4c cash).

    Should WGX get to $1.85 that would push their MGV offer value up to $203M (assuming RMS stays the same).

    Wonder what the BoD would do then - recommend WGX offer again? Surely, as a minimum, they'd have to get off their backsides and say something?
 
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