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4.5¢ atlas iron limited

Ann: MIN: Atlas Iron Ltd - Redstone Offer, page-134

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richard1976

136 Posts.

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21/06/18

03:16

Post #: 33842673
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Originally posted by sisyphus ↑

Hmmm, a costly business for all parties. At least MIN should cover its costs. Brad Thompson in the AFR writes, inter alia, that a change in the board’s recommendation “will trigger a window for MinRes to terminate the existing scheme implementation deed to claim a $3.12 million break fee” (sorry can’t link - don’t subscribe .. am on other side of international date line and was surprised I could even access online). .. Intriguing times.. As suggested by Nightmarez3k it could be a parley .. Best wishes everyone. .. Oh, and does anyone think that in the interim MinRes will buy on market and become a 5% or higher substantial holder .. to have some say in the “parleying” ? Just a thought.

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Quite possible as I thought that MIN will want a say. Bigger question is do BHP and or Rio want a say too?? Believe there is another party buying too. Interesting times ahead!!!

AGO Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
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