MGX 0.00% 30.5¢ mount gibson iron limited

iron ore price? we sold underprice?, page-3

  1. 853 Posts.
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    HI guys,

    I will not be voting at the extraordinary Meeting to hand 40% of MY company to APAC and Shousong. NO WAY!

    Furthermore, when the russian investor sold MGX to Shouong at $2.60 earlier in the year, Luke and the board approach the Foriegn Investment Board for a ruling that if APAC and Shousong hold more than 20% of the company, then they have to make a takeover bid for MGX.

    Know with the proposed rights issue, these guys can hold up to 40% of the company and Tonkin and the board are happy with this! Double standards! In line with previous Foreign Investment Board ruling, if APAC and Shousong hold more than 20%, shouldn't they be forced to make a takeover bid?

    Cheesed off with mgt how this has unfolded anf they won't be getting my support.
 
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31.0¢ 31.0¢ 30.3¢ $137.6K 449.1K

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1 54565 30.5¢
 

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31.0¢ 76486 2
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