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
The game is: Boasteel and AZL have around 35% of AQA shares I...
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Last
$40.61 |
Change
1.210(3.07%) |
Mkt cap ! $7.980B | |||
| Open | High | Low | Value | Volume |
| $39.40 | $41.15 | $38.43 | $124.1M | 3.104M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 521 | $40.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.73 | 100 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |