evening
i cant understand why in case of a takeover the price should be less than $2.
As it is known the p/e ratio of a company should be taken into account when a takeover is going to take place.
in addition to that, MGX owns lot of properties which account for more than the 351m (overall share price right now).
anyway all magazines are talking about positive future for iron ore in early 2009. so this wonderful company cant be sold for peanuts especially that we payed around $2 per share.
http://www.value-investing-center.com/Text_PE_ratio.html
if a takeover takes place.
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |