MGT Social Media Posts, page-365

Personally I’d hate a TO bid especially now with a depressed SP. We would be lucky to be offered a 20-50% premium above VWAP which is considerably lower then out ATH & far below what this company will be worth (yes this will require investment & it’s hard to say we are worth xyz once this happens).

I would much rather see a JV where SH are rewarded down the track with a leading world class mine. I would also see this as better share holder value than a TO, hopefully the board will too.

Then again raising the funds to do this ourselves would be even better. Wether that be through prepayment of offtakes, loans, govt grants/loans (yes there have been several mines in the last 12mths who have received millions of not hundreds of millions to get the ball rolling both in QLD & WA, for those that want to know who they were just do a google search) etc.