What is the concensus,
Can't see the share price reaching 60c so I'd have to say the underwriting is a takeover attempt by stealth.
Is it going to get past the FIRB - probbly not given the history.
So the price factors have got to be
+ potentially some funding coming in
+ sale of ore to somebody
+ legal action for damages
- poor price for ore
- no takeover premium
- 10% discount to customers into the future - going to be higher than $40 you would expect.
- funding could fall through
Given the options I would have thought the shareprice would move to around 50c today.
If they gain > 20% stake do they have to bid for other shares at the price that aquired the current shares at?
- Forums
- ASX - By Stock
- are the 60c options just for show...
What is the concensus, Can't see the share price reaching 60c so...
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
43.5¢ |
Change
0.005(1.16%) |
Mkt cap ! $528.4M |
Open | High | Low | Value | Volume |
43.0¢ | 44.5¢ | 42.8¢ | $959.2K | 2.205M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4985 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 192573 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 4985 | 0.435 |
3 | 442698 | 0.430 |
4 | 108400 | 0.425 |
4 | 107561 | 0.420 |
6 | 115414 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 192573 | 3 |
0.445 | 300987 | 7 |
0.450 | 391185 | 10 |
0.455 | 132000 | 3 |
0.460 | 211814 | 6 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |