Just like bendigo I hold a share or two but unlike bendigo I'm not a seller at the current price and I don't believe it's Game Over just yet.
I think the MIN offer is highly opportunistic, MIN are adding value for their shareholders and should be commended for that it's what business should be all about and what MAS should have been doing for years.
Chris Ellison and Bruce Goulds appear to have taken control of the MAS board I view as being positive for us all.
ORVEX have sold into the takeover which probably means the dispute has been resolved so mining can commence without delay and without the threat of litigation.
MIN currently hold 53% of MAS which leaves 47% but at roughly 20% Mighty River hold almost half of that and from what I read is not looking like a seller so I'm comfortable to continue to hold and let this play continue to unfold.
MAS shares are currently trading above the takeover offer price which suggests to me that if MIN are serious about taking 100% control of MAS the offer price will need to be increased
Happy Holding DYOR
MAS Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held