i think that shougang will not launch a takeover bid. their intention is just to secure iron ore supply and to keep MGX safe. Now shougang + APAC control 40% of MGX. this is a big hurdle for anyone else to takeover MGX.
I am sure shougang won't sell even one share.
i think it's in fact a good news. Shougang should be a good backup for MGX. Business should be as usual, just in the share register, Gazmetalls change to Shougang.
well........is it a takeover or not, page-2
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Last
36.8¢ |
Change
0.003(0.68%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $12.08K | 32.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 146839 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 152706 | 22 |
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| Last trade - 11.03am 29/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |