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.
are the 60c options just for show..., page-2
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.5¢ | 40.0¢ | $614.1K | 1.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 42537 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 58325 | 3 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |