The game is: Boasteel and AZL have around 35% of AQA shares I think... AQA two major shareholders hold around 40%.... Therefore, 12% acquired by MIN could tip the balance in favour of the eventual winner who needs 50%...
The question is : who's MIN barracking for? and why ?
They say they want a stake in the WPIOP.... fair enough.... very good reason.... but why pay 375c for a sock that was 200c few months ago and that only controls 50% of the project...
the other 50% is held by 4 to 5 stakeholders... MIN could have bought out the lot of the small fish with $200m... and have a real say in this matter with a major part of the other 50%....
instead they opted to play a funny game indeed...
But time will tell...
Nonetheless, MIN shareholders should not worry ... Their top players have good record in making money and improving shareholders value...ZZ
very pleased with this investment , page-6
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Last
$51.61 |
Change
-0.430(0.83%) |
Mkt cap ! $10.14B | |||
| Open | High | Low | Value | Volume |
| $50.18 | $52.17 | $50.13 | $127.7M | 2.480M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1019 | $51.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $51.69 | 130 | 2 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |