jwoody I think that you are on the wrong track. The agreement to sell jumbuck to Syngas was not done to get Meu to up their offer. The agreement to sell Jumbuck to Syngas for under $1 million was a done deal. It only fell apart when the ASX demanded that the sale of a companies major asset to an associated entity be put to share holders. It was never put to share holders as Syngas upped their offer on the day before the meeting rendering the motion to accept the offer void.
TYX then sold its other major asset for under $1 million and its unbelievable that the ASX did nothing about this.
How can a company be allowed to trade when its board of directors are or are attempting to unload the companies best assets for a fraction of their value. The Eureka mine was onsold within one week bundled with a poor asset for $6 million.
It obviously still makes me angry. In my opinion the board tried to unload $8 million of our assets for under $2 million.
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