Unfortunately shareholders cannot block the martabe sale as OZL doesn't need shareholder approval for that sale to go ahead.
If OZL tried to sell martabe after the sale of just about everything else to MM then the sale of martabe may have required shareholder approval.
All we can do is try and put pressure on OZL to not sell, however given that it's already anounced as effectively a done deal and given the arrogance (and ignorance) of Makeuspoor and BC we have no hope of blocking the sale.
What I find interesting is the shareholder vote for the sale to MM, if we vote for it we get rid of Makeuspoor but we lose all those "world class assets" for well under their long term value. However if we vote against the sale then we are stuck with Makeuspoor. What a dilemma!!!
OZL Price at posting:
$6.75 Sentiment: Hold Disclosure: Held
