ALL IMO There could potentially be a case for Shareholder oppression, but there is nothing wrong with freedom of speech, just not forthcoming speaking out of turn like that. Given that Brett is on the board this looks pretty poor.
The question really comes down to the votes, power and control.
Frank posted a great article and any purchase could potentially be blocked.
The question I have relates to corporate governance.
Now that APAC have shown their hands, would Brett skill be able to vote with a conflict of interest?
That said, there is nothing to show the vote won't be unanimous.
News: MLX Apac Resources Says Wishes To Be Able To Buy Metals X Shares In Potential Equity Raisings, page-70
Add MLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $367.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.0¢ | 40.5¢ | $45.58K | 112.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 164451 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 301116 | 10 |
View Market Depth
| Last trade - 10.28am 30/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |