Share
3,161 Posts.
lightbulb Created with Sketch. 33
clock Created with Sketch. 16/09/24
11:51
Share
Originally posted by Mastatrada:
↑
My best (and optimistic) guess as to the confusing chain of events is still that Minerva IS Minmetals, they are in the process of brokering a sale deal (maybe to Chifeng). The 17% stake is their payoff, where the TO price will be somewhere north of 53c so they pocket the difference and between the Chifeng, Minerva, D'Anna and other insiders they have over 50% to ensure the TO goes through. Because Minerva don't have to pay for their shares til December, hopefully the TO will be concluded by then and the steady hands who held firm get a nice Christmas pressie
Expand
Gino and Rachel must be pretty sure they will get paid the balance in December as they have already lodged sub shareholder notices
(20min delay)