A TO is probably out of the question.
Firstly, it would need to be done on a fair and reasonable basis - so there is no prospect of getting a cash box cheaply.
Secondly, the likes of Shougang could not vote (as a related party) in any TO vote by shareholders.
Thirdly, with APAC holding such a big swag of MGX, there would be little appetite for this company.
The only way a TO could get up right now is through a scheme of arrangement with APAC/Shougang agreeing to sell into it. I cant see that happening.
IO up 5%, page-23
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
