Colonel B Ron; I have changed my thinking, sat and pondered, now...

Colonel B Ron;
I have changed my thinking, sat and pondered, now that AGM has past I think, they are not being taken over but they are taking advantage of cheap unloved companies and expanding in a new direction.

To effect a take over company must acquire 90% then they can compulsorily acquire the rest of the company.

Adam Santa Maria our new company secretary previous employer was Argonaut in Perth. As lawyer he was involved in deals.

We also have on our board Non Executive Director Steven Cole who joined 2/4/14 who is also on the board of Neometals NMT. They have project 30k south of Kalgoolie developing Mt Marion Lithium mine with Mineral Resources MIN. Uptake agreement with Chinas second largest lithium producer Jiangxi Gangfeng.
Currently they are Drilling to see if resource continues at depth. Mineral resources is providing the plant and lithium is to be processed into Lithium Hydroxide. Currently MIN has $200m cash.
Neometals has none.

Matrix AGM a debt arrangement with ANZ for $50m has been arranged. Matrix currently has $14.5m cash.
To search for opportunities. Unless someone knows of other possibilities, Revenue from MCE operations will help develop new mine.

Could be wrong but a farm in with Neometals enables them to participate in new venture?

I hope I don't regret posting this as Traders could jump on it.