Australia's largest stock trading and investment forum Australia's #1 stock forum

MCS

Click for more information

0.00%

2.5¢ mcaleese limited

AFR - MR Deadline in 5 Days, page-13

First 13 Last

Share
Profile

Follow
contraman

35 Posts.

24/08/16

08:27

Post #: 18629004
Share

Originally posted by dhinh ↑

No hard feelings. I am too small to make much of a difference. I just feel based on the timeframes we are better positioned to vote with the deal on Friday. (I was going to participate in the equity raising if funds permit). Given MR arranged this deal with SC, even if we successfully vote for a change in board, SC has the trigger to push MCS into administration. As the major secured creditor it will be at the forefront of any future deal. It is therefore likely MR may strike a deal with SC and emerge with MCS.

Without any details from Havenfresh, I am hesitant to support the possibility of a better deal emerging.

Expand

A vote against the current board is the only way us smaller shareholders can make it known how we feel.

A vote for the current board, effectively hands the company over to MR and co

With the price of ore on the up, we haven't been told what value that affs to MCS
It must be a lot, otherwise, why would MR continue investing.

Yes it is a can of worms, but I think the best bet to recover some losses, is to back Havenfresh

Just my two cents worth

Last edited by contraman: 24/08/16

MCS Price at posting: 1.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

JLL

Jindalee's seeks key role in US battery chain following PFS on McDermitt lithium play

PTR

Petratherm shares jump 60% on strong metallurgical results at Muckanippie

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

First 13 Last

Add MCS (ASX) to my watchlist