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2.4¢ metallica minerals limited

Ann: DRX:Bidder's Statement in relation to takeover offer for MLM, page-38

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Arcpro

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08/04/24

14:16

Post #: 73240577
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Originally posted by Gefarto: ↑

So one cornerstone investor has given support to this miserable takeover bid and a second appears likely going by the confidence from DRX. If the MLM BOD don't support it then I would say they would be toast as they need support from their major shareholders. But if they do support it then they should be tarred and feathered in my opinion. So it would appear they are basically knackered to stop this bid. But the BOD will be ok as they exit with golden parachutes most likely.
So it would appear that the only hope for shareholders is that the cornerstone investors withdraw their support for the bid or increase the bid and preferably to a full cash offer or a white knight saves the day to block it.
Anyway why don't you, if you can, explain why you think this is not a big pile of poop! Can only hear crickets so far

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Major Shareholders have decided what they want to do:
DRX to live, MLM to be sacrificed in order for DRX to get to production or be taken over by our nextdoor neighbor.
If we get a better offer, we would get more DRX shares as part of the buyout and, down the track, we shall be rewarded.
This is the big picture IMO.
The rest are details I won't speculate on.
Cheers

MLM Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.001(4.35%)		Mkt cap ! $23.03M

Open	High	Low	Value	Volume
2.2¢	2.4¢	2.2¢	$4.999K	222.4K

Buyers (Bids)

No.	Vol.	Price($)
1	108695	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	613590	3

View Market Depth

No.	Vol.	Price($)
1	108695	0.023
2	319783	0.022
2	45000	0.021
4	205374	0.020
2	70000	0.018

Price($)	Vol.	No.
0.024	613590	3
0.028	356310	2
0.029	100000	1
0.030	315000	2
0.031	43478	1

Last trade - 13.30pm 17/05/2024 (20 minute delay)

MLM (ASX) Chart