"I would forget about SH approval being the trigger to get out, unless MLX and TAM were working in cohoots to the detriment of SH's."
Keep in simple and stick to facts.
TAM have stated that they have considered their "obligations under the Metals X HoA". As a result the HoA will be put to shareholders for approval. Major shareholder Allied has advise that "it intends to vote against the Metals X Transaction"
Therefore approval of the HoA is the key rather than intent. Intent with who - certainly not with TAM shareholders.
MLXs state that the new agreement with NST has been "collaboratively negotiated". TAM say it was an "unsolicited alternative proposal". How can MLX prove otherwise - phone records, phone taps, talk to the cleaner? This is obviously a he said, she said situation that cant be proven either way so TAM shareholders will decide. MLXs dummy spit is no doubt about getting a settlement to keep it out of the courts.
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40.0¢ |
Change
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Mkt cap ! $398.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 276549 | 40.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 103322 | 4 |
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