Yep too many people assuming MIN is a saviour... At most it...

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readyaimfire

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17/04/23

12:42

Post #: 67310917
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Originally posted by Names little ↑

Hi Crimson, you are assuming there will be a higher takeover price. Unfortunately the Board doesn’t have that luxury and a $1.3m break fee would be a fair whack of our cash reserves if they started indicating lack of support for scheme.

From MINs perspective if they wish to avoid a potential break fee (completion of a counter offer with 12months) I think they only need to wait until after the 2nd court date to announce. But as 2ic posted, what’s the hurry/risk for MIN, even after the second court date? Perhaps they will just let everything cool off and see how things settle.

From memory they can’t make a T/O offer for less than the highest price they have paid in the last 4 months , perhaps they will just wait until after that period so they don’t have that restriction. Might depend on what TLEA do as well.

Anyway, I am guessing everyone is hoping that MIN intend to vote No to the scheme, lol.

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Yep too many people assuming MIN is a saviour... At most it would be as an unavoidable consequence of making the play....

I would not want MIN to sit on the register at just under 20%. The SP likely to drift back (or be manipulated) downwards before they make a final play knowing they hold the blocking stake.

ESS Price at posting: 57.0¢ Sentiment: None Disclosure: Held
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Yep too many people assuming MIN is a saviour... At most it...

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