Does anybody know what Magna Resources Corp's intentions are, if they get the 42% shareholding that would come about if know one takes up the CR share offer ?
Other questions that need answers are:
1)!If they do get to the 42% holding will they make existing shareholders an offer they can't refuse at see current low prices ? 2) Under the foreign review board approval process can Magna do the above and take the company off-line or are there restrictions ? 3) Will the change in CEO make a difference beyond what was going to happen in the field anyway as I see this dilemma more as an unfortunate timing of initial production problems , and the sudden drop in the silver price. 4) Is there still value in the CCU ? I think there is .
As share holders we have to decide what will be best for all concerned . I hope that at least there will a 50% plus take up rate leaving Magna with no more than 30% .
Who has done any research on Magna Resources Corporation , which owns 51% ( I believe ) of PT Barito Pacific TBK (BRPT) , that would like to share with this forum ?
CCU Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
