MKY mky resources ltd

If you do the research you'll see its impossible for AB to sell...

  1. 404 Posts.
    If you do the research you'll see its impossible for AB to sell any of his MKY shares anytime soon, as he volunteered them held in escrow (to show he is serious about making MKY into a proper mining company).
    Also his preformance shares etc don't come free he has to pay (from memory so dont quote me on the exact figures)1.6million within the next 2 years (which if you talk to him you'll see is to top up MKY's exploration funds).
    Talk to him (well later as these guys have been keeping his phone busy), MKY is his baby and he's fully prepared to pump money into it (not out of it) until its a decent mining company.
    Down side is MKY doesn't need capital raising rights issues etc anytime soon (which can be good for us shareholders).
    Also AB made it clear that any buy out/ takeover by a large mining company is totally out of the question.
    I'm sure there wont be any selling by AB and pretty confident Mr Fitzpatrick wont either, however Mr Hobson and the recent unnamed investors (who paid 5.2c per share) I am less confident in.
    Cheers
    Kelp

 
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Currently unlisted public company.

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