Evattoski,I am sure that Min want 100% of MASMighty River was...

Evattoski,

I am sure that Min want 100% of MAS

Mighty River was buying MAS on the mkt after the t/o was announced at prices I would esimate around 10-11 cents.

Don't know what their average cost would be, but with there added legal costs, they probably need a bit more than is currently being offered to break even and to entice them to sell

So from that point of view, you are well placed.

There is a minimum time after this takeover is completed/closed before MIN can increase the offer to mop up the rest of the shares, otherwise they have to extend the same offer to those that have already taken up the existing offer.

Might pay you to check that time-frame because you could be waiting 6 months or so for an increased offer.

The other thing that could happen... now that MIN have more than 50% and have total control... they can just sit on their existing holding and can elect for MAS to not pay any dividends in the next few years.
This means they can "starve" the minority shareholders while MIM/MAS still had use of the funds.

This would probably eventually force mighty rivers hand as they would be receiving NO cashflow from their $ millions invested.

I have sold all my MAS, as mentioned earlier

I do not have any connection/interest with any of the other major players involved.


NO ADVICE offered by me.

But you need to think it through.

As I have stated previously, I believe MIN have "stolen" MAS at half price, so there may well be more in this deal, but there is also the possibilty of being "locked in".


Cheers,

Bendigo