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2.44% 4.2¢ mindax limited

new director, page-2

  1. BrayWyatt
    6,575 Posts.
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    06/09/12
    16:08
    Post #: 10681380
    The director from LAP joined the board just after the debacle with Sumitomo occured - possibly to strengthen numbers to vote for the deal, who knows.

    Tsang released a letter to shareholders but I don't recall a price or a time, just that the Sumitomo deal was too low. With falling iron ore prices and them hovering around Mindaxs production cost, maybe it wasn't too low.
    MDX Price at posting: 7.0¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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