I have held MGX for a while, and I can tell you that at the meeting to vote on the share placement to Shousog, I will be voting against the proposal.
I strongly suggest all other shareholders do the same! If shousong gets 40% of the company, they will have a strong say in the direction of the company - for their own interest - and in the interest of shareholders.
Furthermore, there is less probabality of a takeover if someone has a 40% foothold on the company. If you had a business and were looking at acquring an iron ore company - why would you look at MGX, given that you are already 40% behind a takeover bid?
Anyway, don't contribute much (read a lot though), but thought important to put my thoughts forward.
Others agree?
And for the record, mgts handling of APAC, shousong, hedged US$, etc is a disgrace.
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Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $523.8M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 42.3¢ | $227.4K | 531.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 520000 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 12155 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23300 | 0.430 |
2 | 520000 | 0.425 |
7 | 174561 | 0.420 |
6 | 71816 | 0.415 |
7 | 57839 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 1500 | 1 |
0.435 | 70360 | 4 |
0.440 | 122270 | 4 |
0.445 | 187898 | 6 |
0.450 | 196836 | 5 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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