Why would FIRB reject the underwriting agreement as reported and reject the possible increase in holdings to 40%? FIRB has already set a precedent with MMX and AED to allow overseas investors increase to 40 & 49% so see no problem with the MGX deal. The interesting fact today is that 10% of the issued capital changed hands today so whilst I do believe that the average punter has no interest in participating in the upcoming share placement I believe that there was a large accumulator today that has other ideas. Watch this one over the next few days and if the price does trade higher on unusually high volume I would suggest that the accumulation is strategic with the ultimate aim of securing additional shares in the upcoming placement.
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 36.3¢ | $213.5K | 583.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 180864 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 199960 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 180887 | 0.365 |
17 | 491848 | 0.360 |
10 | 192883 | 0.355 |
12 | 216220 | 0.350 |
7 | 100263 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 199960 | 34 |
0.375 | 76461 | 5 |
0.380 | 123765 | 8 |
0.385 | 54386 | 3 |
0.390 | 166981 | 5 |
Last trade - 13.25pm 25/07/2024 (20 minute delay) ? |
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MGX (ASX) Chart |