sentry jv is the carrot..who is the donkey, page-3

Cabe,

JV agreement only applies to exploration and development of the krgyz oil tenements, and there are some trigger points along the way. MHL get no money for other projects or admin etc here. See report 14/4/08

So for them to continue with alternate projects they need the cash raised.

Also as I posted on other mhl thread, we don't know entitlement date, meeting date to get shareholder appr. etc etc.

Agree that voting against will be pointless unless there is coordinated shareholder action against it. Volumes held by board and proxies would far outweight some disgruntled shareholders.

As you say, vote with your cash.....

but I think board/director offer should be escrowed for a couple of years... they don't deserve any yet!!

I still hold and trade mhl.

cheers

steve