what's so good about mhm?, page-34

"What is to stop the 3 Party JV selling out to , say , Alcoa or another well healed preditor , leaving them to control ongoing worldwide licenses/royalties and clip 40% of the Aust revenues?"

In relation to salt slag, they can't. Alreco have exclusive global rights.

In relation to the other. See below.

They do have first right of refusal for the other technologies. I see this as valuable, especially in light of the overall relationship. Frank would have to betray his own company to allow anyone else to have it.

Given the stage of the game they are at and the ensuing legal and other complications that would follow, it seems unlikely to the point of impossibility, to me, that they will suddenly deal MHM out.

However you see the risks the facts are on the table.


CONTRACT FOR THE FIRST
RIGHT OF REFUSAL TO
SPENT POT LINING AND
NON-METALLIC PRODUCT
TECHNOLOGIES
MHM has entered into a contract
with the Technology Providers
that secures the first right of
refusal for the exclusive rights
to two additional technologies
that are under development.
These technologies relate to the
treatment of Spent Pot Lining,
an additional toxic waste stream
from the aluminium industry, and
a value-adding technology for
Non-Metallic Product, an industry
by-product and residue of the
ALNAK technology