MYL mallee resources limited

I am extremely concerned by the terms of the Hartree offer, page-300

  1. 723 Posts.
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    "Anyway its spilt milk. I expect that the largest shareholders will vote in favour as they have their own owners / investors to consider and may have sought some independent advice . The smaller retail seeking their own counsel . "

    There is little doubt that the votes of Perilya, Mark Creasy, the previous administrators etc are the key to getting this over the line or not. But as major shareholders, what's in it for them to give control of the company to Hartree? Have there been commitments made (or not) about relisting? Are we to assume from the Chairman's letter to shareholders that Perilya and Mark Creasy have yet to tell the company how they will vote? I would be in disbelief to think that the Chair and/or John Lamb hasn't been on the phone to Paul Arndt (Perilya) and Mark Creasy to lobby or state their case?

    If we think Perilya and Creasy, who have both poured millions into MYL, would be sitting back and not saying a word about them potentially losing $$$$$ millions, we would be completely wrong. And despite the diparity in the amount of $$ invested, they'd be asking exactly the same questions as retail investors.
 
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