this is a notice outlining another 3 million shares bought above 15c by anglo pacific this week.
anglo pacific are unrelated to anglo american, and are a resources investment fund:
http://www.anglopacificgroup.com/s/Strategy.asp
'Anglo Pacific Group PLC is a global natural resources royalties company. The strategy of the Group is to expand its mineral royalty interests in low-cost, long-life mining assets. The Group achieves this through both direct acquisition and investment in projects at the development and production stage. It is a continuing policy of the Group to pay a substantial proportion of these royalties to shareholders as dividends.
The Group is focused on projects in areas with low political risk that have defined resources and near-term production.
The Group has both corporate finance and real-world mining experience and takes an active approach to each project to achieve better returns at reduced risk.'
anglo pacific already have an above 10% blocking stake in MMW that can prevent the 90% requirement for pan's offer.
on that basis the only reason that they would have to be buying everything that appears on the offer near 15c is because they are certain they will get getting a much better price for these shares than his before long.
MMW Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
