It is a good post, but how can MYG holders not be happy?
The deal at the time valued MYG at A$40M.
Lets face it there is no way Deflector gets financed under the MYG banner without a substantial increase in the POG. This gets them a premium without having to rely on the POG or the opportunity to get involved in a producer at a discounted price.
I can understand the frustration of MYG holders as the value was squandered by previous management, however that's not the fault of DRM & if you ask me this is their get of jail free card. (well depending where you bought in...)
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Last
72.0¢ |
Change
-0.065(8.28%) |
Mkt cap ! $65.64M | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 78.5¢ | 71.8¢ | $20.04K | 26.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1900 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 1559 | 2 |
View Market Depth
| Last trade - 13.02pm 14/06/2024 (20 minute delay) ? |
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Last
75.0¢ |
Change
-0.065 ( 4.46 %) |
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| Open | High | Low | Volume | ||
| 74.5¢ | 75.0¢ | 74.5¢ | 1034 | ||
| Last updated 14.05pm 14/06/2024 ? | |||||
| MYG (ASX) Chart |