MLM 0.00% 3.4¢ metallica minerals limited

Ann: DRX: MLM takeover offer - Extension of Offer Period, page-53

  1. 645 Posts.
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    You forgot Point 6

    (6) Post completed takeover, existing Diatreme small shareholders and former Metallica small shareholders (now all small shareholders of Diatreme) will be subject to:
    1. A consolidation of DRX shares where share value will be lost
    2. Continuous rights issues by DRX to a point where all small shareholders will be unable to maintain their % share and larger shareholders will own a larger share
    3. Former MLM shareholders (who chose to have a hard working and trustworthy BOD) will be subject to a BOD who are hopeless in achieving any project as evidenced by their history of abject failures
    4. Former MLM shareholders rather that having a project go into production by EOY 2026 now have a further delayed production date due to the breach of trust by DRX of a 2 year agreement not to takeover MLM.

    Last edited by MalcolmD: 21/06/24
 
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