re: mxg news misleading nonsense Syringe,
The ASX automatically puts the announcement against MXG given the Westfield announcement referred to MXG in the announcement.
This is not a MXG announcement - and they haven't said anything about it.
The market shouldn't have reacted to this news, unless it was on the basis that if they thought the original sale may have some issues if the Consortium were to lose the project as reported in a number of press articles and they think that this sale removes uncertainties surrounding the project.
The original price spike (to $3.71, up 16c) has come back to $3.59 (up 4c), so perhaps the initial reaction was inappropriate.
Some buying would be based on money coming out of resources on the basis of MXG being less volatile with Wembley appearing to be drawing towards a close with no further bad news at the moment.
The CBUK Wembley decision is also likely to improve analysts views of MXG winning other legal cases surrounding Wembley.
Regards
Marvin
MXG
multiplex group
