QML shareholders have approved the deal which was never in doubt with the 2 major chinese shareholders owning over 60% of the company.
Its a done deal unless FIRB knock it on the head.
What a waste of shareholder funds. If it was any good the chinese holding the majority of QML would've funded it.
This is simply transferring MOL cash away from the average shareholder. We are soon to be in the same position as QML, holding a copper deposit with very little funds left to develop the project.
Once MOL was delisted, the only thing in doubt was how Hanlong would rid us of the rest of the cash.
MOL Price at posting:
6.9¢ Sentiment: None Disclosure: Held