MGX - Mount Gibson Iron
- Thread starter The Barbarian Investor
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It is the AZR holders who are going to miss out. The Mgx holders will get the benefit of the AZR production about to start. The foreign investors will be the main ones to gain (And another aussie company gets sold out cheap).chicken said:Trading halt lifted just bought some more...looks like deal done...MGX next move into ASX200.... valuation $1.25+.....should start moving as instos which buy in the ASX200 will have to buy...good luck to all
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Once MGX get the Aztec problem out of the way the stock should move on strongly from here.
What premium may that be?
I don't intend to accept either, firstly as being a PMM minority holder has worked out pretty nicely, secondly as even if I wanted to accept I wouldn't till I knew there was script roll over relief.
My understanding is that any AZR shareholder who exercised the 17c options mid-year will be facing full capital gains tax on those exercised options unless the 80% acceptance condition (for rollover relief) is met
I don't intend to accept either, firstly as being a PMM minority holder has worked out pretty nicely, secondly as even if I wanted to accept I wouldn't till I knew there was script roll over relief.
My understanding is that any AZR shareholder who exercised the 17c options mid-year will be facing full capital gains tax on those exercised options unless the 80% acceptance condition (for rollover relief) is met
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MGX have increased their holding in Aztec Resources to 73.17%.
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noirua said:
The move to an 87.15% holding in Aztec puts the 90% target all but in the bag.
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chicken said:soon to see $1+....as its becoming clear takeover just a matter of time...good luck to all holders....
Not sure about the takeover bit, haven't heard anything. On the matter of price you may well be proved to be spot on. Good Luck.
I'm a bit surprised that the retail investors have so quickly fallen into line behind the directors given the protracted and often bitter takeover
AZR may be 50% up on the pre-bid price but that probably would have happened with first shipments anyhow. I repeat that the AZR directors put up a woeful defence.
But looks like my AZR stock will soon be Mt Gibsons, I will take some profits at that stage.
Maybe PMM are worth a few more, they are trading at about the same PE as ZFX. Remarkable for a low risk commodity like iron ore.
AZR may be 50% up on the pre-bid price but that probably would have happened with first shipments anyhow. I repeat that the AZR directors put up a woeful defence.
But looks like my AZR stock will soon be Mt Gibsons, I will take some profits at that stage.
Maybe PMM are worth a few more, they are trading at about the same PE as ZFX. Remarkable for a low risk commodity like iron ore.
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Russian Iron Ore Baron, Alisher Usmanov, who has built a holding of 7% in Aztec, is thought to be holding out against MGX's hopes of reaching a 90% holding.
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MGX selling RMI, sold 5m at 0.055
Interesting
Interesting
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Locking in profits maybe? Looking at the charts, it is at a all time high.
