It is only speculation that a merger or TO is on the cards at this point. It could also be a further toll treaty or lease agreement for bronzewing capacity.
If it is a merger / TO, I hope that this has not been brought forward to transact before the Bulllseye Lease agreement is finalised. An update on this transaction is long overdue.
The bronzewing plant is a very different value proposition once it is back in production and I don't believe the current share price reflects this.
If it is a merger ....what would other shareholders be happy with. For me I would not be happy unless MKO shareholders have 50% or more of a merged entity.
Cheers,
Barry
trade halt, page-2
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