MIN, four months into your offer you have acquired fewer than 60% of MAS which should surely let you know that many of the remaining holders are not motivated by your 70.6 for 1 offer.
If your offer was seen as anything other than opportunistic I'm sure you would have control by now.
MIN Directors, you have a duty to act in the best interest of all holders both MIN and minority MAS.
I'm led to believe that the mine can be in production within three months of a decision to commence.
My understanding is that the window for Manganese is currently open but may be limited due to other mines coming into production so time lost now at the front end in commencing production will be time lost at the back end when the window closes due to extra supply.
MIN, you have 60% control why miss the current window of opportunity, get into production now.
MAS Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
