MAS 0.00% 0.0¢ mesa minerals limited

The POL takeover by MIN took quite a while as a major holder...

  1. 521 Posts.
    The POL takeover by MIN took quite a while as a major holder (the Lion Group) held out for more and even used their own take over bid to boost MIN's offer. The offer went from I think 12 POL for 1 MIN down to 10 POL per MIN plus 10.1 cents cash.

    If there is more interest in MAS than from MIN or if you can value MAS's technology to MIN as being much higher than the current offer, hold on. MAS right now is trading at a slight discount to the implied value of the offer so it is not clear right now that a better offer is expected. That was the same with POL for a little while, but in the end traded at a slight premium.
 
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Currently unlisted public company.

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