the problem with the theory of the other bidder is that MGX controls 33% right now and would need to extract a very good price to walk away, so yes the other bidder would need to have rocks in their head...I agree with you the sooner the AZR experiment is over the better, not sure what they saw in it, the only real benefit was a larger production profile which supposedly puts it on the investment radar, dubious rationale if you ask me...but no operational or management synergies whatsoever...just when it looked like the new mgt team was focused they did this. I would happily buy back into MGX as soon as this is over. I am sure there are many others who feel the same.
trading halt, page-7
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $309.9K | 956.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 100000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |