MCO 0.00% 11.0¢ morning star gold n.l.

Ann: Mantle Secures Major Gold Opportunity, page-6

  1. 318 Posts.
    Being an optimist, I thought I saw a very faint glimmer of hope for MCO shareholders in the Mantle announcement:
    * ASX listed corporate shell with good prospects of reinstatement should that be the strategy adopted
    * Significant accumulated tax losses represent a potential future income tax benefit.

    What might "Good prospect of reinstatement" mean for us?
    * We retain our MCO shares heavily diluted by Mantle's 90%;
    * We are offered a few Mantle shares for our MCO shares;
    * We get nothing.  

    I don't like the last option.
 
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