There used to be (and probably still exist), creep provisions, 1% a year, when above 20% without having to launch a full t/o offer. It was a long time ago, so I might be wrong. There could be FIRB issues also, but given the size of MGX and it’s assets, I do not see that being a problem. They let GBG deal through.
the ownership structure, I think, holds the share price back, due to potential misalignment with other shareholder’s interests. In this case, no mention of considering buybacks.
MGX Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
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