Or should we call it a fiasco?
Mount Gibson Iron (MGX) is back on the trade floor today, ending a week long suspension. It announced an offtake agreement, right issue and placement of 110m shares at 60c.
At least the company did not go to the darker place, but this is the same (or not the same) company who fought against the bought out at $3+ few months ago. The same predator is now getting 110 million shares at a 90% discount!!
I suppose this is as good as you can hope for.
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