3% creeping acquisition limit exceeded - takeover offer tomorrow morning?, page-30

Ppl should be aware that ANY t/o offer needs to be done on a fair and reasonable basis. So it makes little difference if the SP is not at cash backing, the INDEPENDENT valuer will take that into consideration and recommend a fair price for all its assets, including cash held.

Ppl should also be aware that the company/ies launching the t/o cannot vote their shares in accepting the t/o.

I would suggest, at this stage, any t/o would have to be launched at fair value plus a control premium, typically 15 to 30%. Given MGX's current assets, including cash and an assumed $15M insurance payout for business disruption is about 45c, any t/o would need to be pitched at above about 51c.

I can only wish, but very much doubt it will happen.