A TO is probably out of the question.
Firstly, it would need to be done on a fair and reasonable basis - so there is no prospect of getting a cash box cheaply.
Secondly, the likes of Shougang could not vote (as a related party) in any TO vote by shareholders.
Thirdly, with APAC holding such a big swag of MGX, there would be little appetite for this company.
The only way a TO could get up right now is through a scheme of arrangement with APAC/Shougang agreeing to sell into it. I cant see that happening.
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $364.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $142.0K | 473.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 144709 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 27772 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |