Ann: Central Tanami Project Update, page-66

I found this announcement which is related to the case to get me going http://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTUYL4w27pnSHrZlJ2/k=

It seems to me that MLX is like the Jealous ex boyfriend not able to let go. And they only went on one date. lol. I can't see what was wrong with TAM trying to find a better deal. Some would call it shopping. I'm no lawyer but surely TAM would have covered their bases prior to the rejection. The case would surely be costing TAM some good coin.

''Allied Properties Resources Limited, a substantial shareholder of Tanami, has confirmed to
the Tanami Board that at the Tanami Shareholders Meeting:
1. it intends to vote in favour of the Northern Star Transaction, subject to there being
no superior proposal received by the Company or Tanami NT during the period from
the date of this Announcement up until the time of the Tanami Shareholders
Meeting; and
2. provided there is a superior proposal at the relevant time, it intends to vote against
the Metals X Transaction.
Gerard McMahon
Chairman''

Sounds like the deal had it's conditions outlined in the first place. It so with stop losses it should be worth a risk.

However MLX hit out saying this

Metals X CEO Peter Cook said:
“We have a deal with Tanami. We have an enforceable agreement and we believe our rights and entitlements have been
breached. We will take all necessary action in any appropriate jurisdiction to enforce our rights and entitlements in the
interests of our shareholders.”

I think MLX should go buy a bucket of ice cream and watch the Note Book with Ryan Gosling. Might cheer them up. lol