As MLX clause 8 states the agreement was always "CONDITIONAL" (to be ratified).
Quote
8 . The agreement is conditional on third party consents and regulatory approvals.
I.E share holders, aboriginal land rights, government
Anyone can spend money testing this if they have it,
but using the claimed financial cost to be exacted as a weapon, if you don't do as I say as a threat as this recent communication is
I am not sure this is at all allowed, from experience, it amounts to coercion and stand over tactics designed to intimidate share holders pre decision in favour of MLX.
Isn't this worse than what they claim the TAM board did
RE Quote
The Tanami Board has since received an unsolicited alternative proposal from Northern Star Resources Limited (Northern Star) in relation to the CTP which the Board, after careful consideration, is of the opinion is superior to the transaction contemplated by the Metals X HoA (the Metals X Transaction) and that the Tanami Board intends, subject to there being no superior proposals, to vote in favour of the NST Transaction and against the Metals X Transaction, in relation to any shares owned or controlled by them.
MLX some how claim this, is telling share holders how to vote, it certainly is not trying to force them and purely indicates the way the bord intends to vote. Who's legal mandate is to do the best by the TAM share holders full stop.
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