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5.3¢ metro mining limited

Ann: Gulf Takeover Offer Unconditional, page-5

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Valin

6,072 Posts.

10/03/16

09:37

Post #: 17234635
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Originally posted by unicrumba ↑

With this sorts of deals there is always a lot of self interest at play, ie not all board members of both Co's will get a spot if the merger goes ahead, some of the lucrative executive wages will be lost if merger goes ahead etc, etc you get my point....the real winners will be the SH's of both Co's if the mergers goes ahead.

Sure 20mil shares is nice to get, but he handed over 20% of Gulf, now MMI has over 22% of Gulf and a fairly big say in Gulf's future, assuming merger doesn't go ahead, so that's not a bad position for MMI to have such a large say over it's neighbor....but once again it's hard to argue that a merger will be the most lucrative option for most SH's of both Co's...all that needs to be worked out now are the deals between the big boys, so majority of the will be happy, some of them will get the short end of the deal, but as long as most of them can work it out

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MMI will have no say in GULF unless they get Board representation and currently I cannot see them getting that with the holding they have in GULF (22%). Get my point?
They can issue S249D's all they want but I will be surprised if it gets anywhere.
The MMI guys think they're too smart. JMT

MMI Price at posting: 5.9¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $315.6M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.2¢	$157.0K	3.008M

Buyers (Bids)

No.	Vol.	Price($)
12	1749561	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	550987	2

View Market Depth

No.	Vol.	Price($)
12	1749561	0.051
21	4823228	0.050
4	296322	0.049
2	425000	0.048
2	2000000	0.046

Price($)	Vol.	No.
0.053	550987	2
0.054	4059154	11
0.055	2306877	11
0.056	1032171	4
0.057	2524132	6

Last trade - 16.10pm 28/10/2024 (20 minute delay)

MMI (ASX) Chart