I am extremely concerned by the terms of the Hartree offer, page-302

First 302 Last

Share
Profile

Follow
Spektator

7,354 Posts.

1458

21/07/23

18:08

Post #: 68916476
Share

Originally posted by nottawombat: ↑

Phew , there are so many questions in that post

Firstly I think that control ( using the pub test ) was already handed to Hartree a while back .

Hartree is the secured creditor , the largest shareholder , and has 100% open ended off take agreement . Oh, and they also have a board seat which Im guessing would be at the head of the table

Them taking more shares actually doesnt give them any more practical control than they already have. Shareholders , including the majors would have formed this view long ago.

Secondly , but more importantly , I would argue that Hartree actually has a growing problem in that their involvement is getting deeper both in time and money.

Hartree would be looking at this in terms of proper and best use of capital. Money sitting in Mallee , even at 10-15% interest , is likely to be earning far less than the daily trading of minerals world wide. Its not their business - Off takes are.

The major shareholders would have plenty of opportunity to seek advice, chat to the BOD, and no doubt have always been well ahead of what has come to pass.

take care

cheers

Expand

You sound like you know what you’re talking about

In your opinion, if the company goes into administration, will the mine continue operating and will John Lamb retain his job?

MYL Price at posting: 70.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

Trump just dropped a 200% tariff bomb. Here's how to cash in

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

First 302 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

I am extremely concerned by the terms of the Hartree offer, page-302

Top Stories

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

Trump just dropped a 200% tariff bomb. Here's how to cash in

Rare earths stocks surge as Pentagon buys big stake in US REE miner

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Featured News