MLM
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6.25% 1.5¢ metallica minerals limited

Ann: DRX:Bidder's Statement in relation to takeover offer for MLM, page-23

  1. MalcolmD
    632 Posts.
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    30/03/24
    18:08
    Post #: 73125636
    It may well be, but there is the matter of Page 101 Schedule 2 Point 3 Release of the Standstill Undertaking.

    https://hotcopper.com.au/data/attachments/6069/6069175-ce2a9866c557355b0c08cbb52f2b2b1c.jpg
    If I were in MLM's position, I'd be using this as a bargaining point. Improve your offer eg. 2.3319 DRX shares for one MLM share.
    Unfortunately this detail is not in your face when first reading the Offer and most shareholders eyes would have glazed over by the time you got to Page 101.
    MLM Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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