MLM reducing their shareholding was always going to happen if you did your research. In the long term I think MTE will be better off, purely because I personally believe it is unhealthy for such a high holding by one company. In the long term I would be more comfortable with MLM having only 15 to 20 % stake in MTE with other institutions with substantial holdings. If a takeover was to happen MLM would have less importance which I am comfortable with , especially when MLM will need a lot of cash in the short term and the desperation for cash may sway them too take a cheap offer. Be strong we are on a winner here, sometimes it is not always a one way street.
MTE Price at posting:
48.0¢ Sentiment: LT Buy Disclosure: Held