wander, This is not the same as taking over a company, it is a process that has been agreed and written into the JV constitution. Both companies are registered Australian companies and all that will happen is the JV will be taken out by one side, becoming a fully owned asset of the buyer. MLX will remain as MLX but with cash and without Renison or without cash and with 100% of Renison. I struggle to see how MLX could match an offer from Yunnan at this time so it is likely to go to 100% Yunnan if they were to go this way. This is a real option in my opinion but it is just my opinion.
MLX Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
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