egm, page-7

Yes its official
All resolutions to change board were DEFEATED

Whereto from now ?, you ask

Well, the Minerals Resources takeover offer should underpin the price ~ 10 cents.

And there is still significant buying on market, so Mighty River may well still be accumulating shares

Therefore 5 scenarios possible

1/Mighty River eventually do still take over.

2/Other interested parties might make offer.

3/Mesa will get 100% of JV back from Auvex ( And they have said thew will persue Auvex for what they claim is a default by Auvex in the JV agreement)

4/Mineral Resources may need to increase offer if shares continue to sell above their current offer price ( and to flush out Mighty River)

5/The deal with Mineral Resources goes through as previously announced.

Scenarios 1 to 4 should all lead to higher prices

Scenato 5 will be done at ~ present value

Therefore.

They remain a hold while this plays out.

But as always, I may be wrong so :

DYOR

Bendigo