I called Auvex today for diging a bit more before i vote and had a chat with peter, asking whether Mighty river or the requisition shareholders controling Auvex or have big stake in Auvex, Answer is No,and about default notice, they are remaining the position that their posted on Dec which is prepare for any legal action. called mr Page as well, AS shareholder stuck with this management near a decade now, i am not sure if i can trust current board on what they are saying. gonna to hear both side story! JV only work well when partner friendly, I am not sure what exact Auvex reaction on what Mesa's publicity with its shareholders.specally what current board saying to its shareholders.
I don't agree with the opinion of requisition shareholders want to take over company cheaply, a lot more investors now looking at this now, more volume traded, more attentions.valuation by market have come much higher than annoucement of commencing mining or even shipping out cargos. everything happening is good for company. beside, i would expect new directors acting in best interests shareholder as the concent to do so. it is NOT take over bid.meanwhile, luckly we still have 50percent of the mining asset. I really want to know why current(old) board sold the 50pct for only 8.25 million which is worth about 20%of today market cap. if we look closely ,today's manganese price is close to the price when current board sold the 50% to Auvex. I hope when New board come up, they can look into why old board choose Auvex!
suddenly technology is working now and will provide income, i would like to ask Alan why last ten years he have not make it happen, even last boom(i hear Manganese is more than double the price as today). We have given him ten of million of dollars to make it happen, we have all trusted him with our savings.
seems we have been paying the NICE guy millions of dollars on salary on his NICENESS. I don't even know when company changes its name from Hitec to Mesa.
MAS Price at posting:
6.9¢ Sentiment: None Disclosure: Held