I phoned Auvex this morning and it turns out that the Mining Approvals have been in place since early May. MAS has failed to notify us, investors, of this
I think we are being sold down the preverbial garden path by the board.
Conclusions 1. The current offer by Mineral Resources is woefully inadequate and opportunistic 2. The current Board is selling us out when they should be getting on with the business of operating a mine and selling manganese 3. We need a change in management to realise real value for MAS shareholders. 4. Vote No to Mineral Resources offer and 5. Vote Yes to the Requisitioning Shareholder vote to Replace the Board on May 28.
Just my thoughts Do your own Research
MAS Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held