cambrian have advised in discussions to offload a major stake in unnamed co.
could be as previously advised by cambrian, it is the 19.95 % stake in mgx. This would tally up with the poss that mgx were confident of getting to 50% by the 24 hence why they've indicated they'll close on the offer if 50% not achieved.
If 19.95% stake offloaded to anyone with a current stake lets say the chinese.. then full TO likely.
there's been enough commentary from various players about consolidation of the WA iron ore piddlers to suggest game about to be closed out.
my opinion only
takeover pending . could this be the end game, page-3
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M | |||
| Open | High | Low | Value | Volume |
| 30.3¢ | 30.3¢ | 29.5¢ | $186.2K | 623.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 161795 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 151730 | 4 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |