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
32.5¢ |
Change
0.005(1.56%) |
Mkt cap ! $395.6M |
Open | High | Low | Value | Volume |
32.5¢ | 33.0¢ | 32.3¢ | $390.6K | 1.198M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 144416 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 97000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 144416 | 0.325 |
23 | 1735698 | 0.320 |
4 | 125000 | 0.315 |
11 | 591736 | 0.310 |
5 | 106300 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 97000 | 3 |
0.335 | 432154 | 6 |
0.340 | 160001 | 4 |
0.345 | 317634 | 7 |
0.350 | 107101 | 6 |
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