This was also in the Sydney morning herald...the investors involved in the recent placement were chinese.
If midwest pulls this deal off then it will run substantially higher....FMG market cap was around 1000 mill due to the chinese connection. The chinese didnt have a stake in FMG that they have started to take in MIS who only have a market cap of 50 mill and MGX has a market cap of 300 mill.
If mis can pull this off then one would expect there market cap to grow to around 300 mill aswell meaning a share price 6 times higher than current levels.
Going from trading late last week and the share price making new highs one would think there may be some truth to these rumours.
Definately worth keeping an eye on over the coming days and weeks
chinese court midwest corporation, page-2
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |