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
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $341.1M |
Open | High | Low | Value | Volume |
29.0¢ | 29.5¢ | 28.0¢ | $452.0K | 1.581M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 719630 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 32325 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 712010 | 0.280 |
3 | 112000 | 0.275 |
2 | 85000 | 0.270 |
2 | 54609 | 0.265 |
4 | 49750 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 122114 | 3 |
0.300 | 128733 | 3 |
0.305 | 40500 | 1 |
0.310 | 50500 | 2 |
0.315 | 398974 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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