I'd refer to a couple of points contained in Hadrian's post of 11th April.
Cosette would be required to pay a "break fee". (I haven't checked the $ value)
Consideration of a Special Dividend of $ 2-3.
Call it wishful thinking or a loony concept.
I expect that a statement will be released some time before end of April somewhat along these lines;
"The IE has concluded that the purchase price is insufficient and therefor MYX has decided to distribute a Special Dividend funded by cash reserves and franking credits of $ 3.00 per share"
I suggest the unexplained delay maybe due to seeking ASIC (?) approval to utilize FC (if this is required) and Cosette's requirement to seek approval from their backers. I don't think the FC will have any effect on Cossette but the use of funds at bank would be a consideration.
In the meantimeCosette's afiliates are probably accumulating (as suggesred by other posters)
I notice UBS percentage is back to 7.4% (latest announcement)
It's time to get back to reading my fantasy novel.
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mayne pharma group limited
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How about an update Mr Chairman?, page-23
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Last
$5.08 |
Change
-0.120(2.31%) |
Mkt cap ! $412.7M |
Open | High | Low | Value | Volume |
$5.19 | $5.19 | $4.97 | $918.5K | 181.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | $5.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.08 | 6898 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | 5.050 |
2 | 10046 | 5.020 |
4 | 8072 | 5.010 |
1 | 8000 | 5.000 |
1 | 2426 | 4.990 |
Price($) | Vol. | No. |
---|---|---|
5.080 | 6898 | 1 |
5.110 | 3026 | 2 |
5.130 | 2426 | 1 |
5.150 | 2426 | 1 |
5.170 | 2891 | 2 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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MYX (ASX) Chart |