Ann: Mehdiabad Agreement / 2nd Supp Bidders State, page-5

  1. 819 Posts.
    re: Ann: Mehdiabad Agreement / 2nd Supp Bidde... You'v got to be kidding. With a right proper Rashti in charge of our company he has exchanged any value in the agreement for a worthless asset in Australia (actually Wonarah is a $36m liability at present with further dilution to come from it: Wonarah is mega shareholder value destructive - although it will be valuable in 2050, I am sure, but right now it is worthless). Jordinson has been blackmailed by Drummond and outwitted by clever Iranians. Only a brain dead chimpanzee could come away with no share price rise from 49% ownership of a $19bn zinc mine that only needs $1bn to get it going. Only a complete Rashti could make such a mess up.

    MAK shareholders are the most unworthy recipients for any benefit from Mehdiabad. They said it was worth zero so they should have zero of it. All IMO. DYOR.
 
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