They might have us by the short and curlies but if it's a related party transaction that's 28% of votes that can't be cast in their favour. 15% placement recently to synpathisers only gets them so far.
ASX and ASIC are cracking down on these sorts of deals and I'll tell you right now ASX is hip to any shiftiness MLX may be up to as evidenced by their 'please explain' (that I highlighted at the time) for their 'new' discovery.
It's the positive and negative of being involved in the company. Most juniors don't have the management experitse of Cook, Benson, Pollard, but...BUT I'm fairly certain representations have pre-emptively been made to the authorities, just in case.
Have a look at that chart and tell me there's no manipulation going on?
JT
AAG Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
