Open for discussion here. Read during the week that there is still a chance of a knight whte to bid for MGX. What are others thoughts?
I would have though that BHP wouldn't be intersted as they have no existing interest in the mid-west of WA.
OZL, well they are looking at bolting on iron ore onto its existing suite of minerals and metals, but just completing a merge between Oxiana and Zinifex, I dobt that they are ready for an acquisition.
Other mid-west mergers....not really because one else is currntly producing AND has the cashflow that MGX is after.
I'm not sure if others like X-strata would be interested
From where I sit, I won't be approving the rights issue when put to a vote.
Others thoughts / comments?
what is the chance of a white knight
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 36.3¢ | $395.4K | 1.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 193636 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 25000 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |