The original offer was 13c post consolidation. Expired yesterday 5pm. Waiting for 9am Perth time to see what next step is. Probably just push the date back and verbally agree to same terms.
Obviously some delay. Im not concerned yet. Gives them a chance to change specifics like price/quantity and some of the clauses.
I would be expecting a market update today or tomorow. Otherwise alot of sophs will be calling to ask whats going on. Better just get the info out for everyone.
Really dont know what we're waiting for. Worst case scenario is close the two placements with whatever acceptances their are.
Tony Sage is either in or out.
Then do the rights issue.
Then buy as much Trinidad as possible. If its not the full 90% so be it. Not rocket science.
MHL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
