The general feel is that people are not happy with the old board, and with the EGM on wednesday i'd bet alot of people have already sent in their proxy vote to oust the current board.. The current take over bid by MIN is dependant on the resolutions being rejected where does this leave us?
*A new takeover offer? *divestment selling technology to MIN and leaving mine with auvex and mesa
I would have thought that if mesa and auvex were to develop the mine and technology the SP return would be better then if it was developed under MIN
Interesting note is that if MAS share price hits 10c the directors all get 2 million shares. probably why the take over bid was at 0.1025
MAS Price at posting:
9.6¢ Sentiment: None Disclosure: Held