The only people they could toll treat with effectively was GCY who are in C&M … and MGV aren’t ready for mining so how do you stop a takeover bid from 2 other parties … maybe the directors understand the “go it alone” strategy wasn’t viable but just played out the charade to entice a bidder.
With or without the Boards approval this is going to happen … you have 2 bidders with 1 having a good track record of successful takeovers.
MGV Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held