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39.0¢ musgrave minerals limited

I think they can still settle with less then 50.1 % of they...

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OldCar

498 Posts.

75

28/07/23

19:17

Post #: 69046825
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Originally posted by rhart3: ↑

The directors haven't sold they have pledged their shares to RMS. If RMS don't get 50.1% the offer will be withdrawn and the directors get to keep their shares , as do all the people like me who have already accepted the offer. The share price will either revert to 28/29 cents when Westgold made their offer, or perhaps back to the pre Westgold price of 25 cents. If anyone thinks this is incorrect please respond because this is only my understanding of the situation and I may be wrong. Naturally I think the combination of MGV and the resources and backing of RMS is a good outcome for all, but everyone must make up their own mind. Good luck to all MGV holders.

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I think they can still settle with less then 50.1 % of they wanted too could they ? although would be left in no man's land holding big cornerstone.
that would prevent westgold coming back and having another go.
if rms bail completely and westgold play a wait and see game, can't see SP holding where it is ..

MGV Price at posting: 33.0¢ Sentiment: Sell Disclosure: Not Held
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