Yes its officialAll resolutions to change board were...

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