not so sure I see the "deal" going thru.
Most likely outcome now is for an immediate go ahead for the pellet plant in china minimising capex requirements while locking in short term high margin pellet manufacturing business. Possibility MGX will also scale back involvement somewhat ..
issue will be whether they get much for any portion of their existing share of the JV they offload. (remember pellet plant fully permitted and signed off environmentally etc)
Regardless... active interest from significantly larger parties tends to suggest something else afoot.
Possible those buying might just be building a stake for onsale to third party.
Haven't seen anyone else comment on the possibility that someone such as BSL might evetually try to lock in some local iron ore production/access as Onesteel have previously done.
Either way this company, even alowing for their bumbling, is worth something in an ongoing boom.
watch this space.
My opinion only etc.
- Forums
- ASX - By Stock
- MGX
- well well
well well, page-14
-
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
|
|||||
Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $383.7M |
Open | High | Low | Value | Volume |
33.0¢ | 33.3¢ | 31.0¢ | $846.6K | 2.641M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 93644 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 95399 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 89544 | 0.315 |
13 | 398360 | 0.310 |
7 | 113867 | 0.305 |
12 | 278161 | 0.300 |
3 | 75689 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 95399 | 2 |
0.325 | 58500 | 3 |
0.330 | 90000 | 3 |
0.335 | 85000 | 3 |
0.340 | 298470 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
MGX (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online