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.
i think that shougang will not launch a takeover bid. their...
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $380.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.0¢ | 31.0¢ | $584.7K | 1.861M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 299410 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 306212 | 20 |
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| Last trade - 15.33pm 03/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |