"We come as friend, help you guys out, honest we don't want the lot.....but happy, take many discounted shares."
Still view Mt. Gibson Iron ( MGX ) as possible vehicle here....33% owned by Apac, $400m cash, have been looking for a suitable opportunity in base metals for some time , WA based with remote operational experience.
Apac could flick on their holdings to MGX for a profit and maintain underlying control.
Time will tell, just hope there is a competing bid to keep them honest.
News: MLX Apac Resources Says Wishes To Be Able To Buy Metals X Shares In Potential Equity Raisings, page-2
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Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $380.6M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.5¢ | 42.0¢ | $1.533M | 3.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3725 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1372 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |