My gut feel is MYG/DRM would have been looking for a 10:1 deal and a couple of fluffed up jobs for MYG management. I base this on a 40% premium to the last 5 days trading in MYG shares making them valued around 5c for the merger.
The share price run up probably threw a spanner in the works, maybe even sunk the deal.
Time will tell
71
My gut feel is MYG/DRM would have been looking for a 10:1 deal...
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Last
$1.20 |
Change
0.075(6.67%) |
Mkt cap ! $111.9M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.20 | $29.89K | 24.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 413 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 2000 | 1 |
View Market Depth
| Last trade - 15.47pm 31/07/2025 (20 minute delay) ? |
| MYG (ASX) Chart |