It's hard to imagine why $69.5m goes into this share today, just for a fully franked 16c dividend, which is all the cream that is left on top, for this current offer. The market must still be hedging that there is something better in the offing. We're just too close to the offer price, for the big money people to keep buying, and not putting their $$$ to better use elsewhere. So many resource stocks had 5% increases today- more money everywhere today than MCC unless they think there's a real chance of an offer to make it worth their while.
MCC Price at posting:
$15.50 Sentiment: None Disclosure: Held
