Yeeew,
So tell me how it's going to work when DRX don't get 90% acceptances to enable a compulsory takeover. Yes, perhaps there will be a new Board nominated by DRX and voted in, however this new Board with its non-executive members will be obligated to act in the best interests of Metallica shareholders, not DRX.
With the SSAG accumulating support at the rate they are it wouldn't surprise if they nominate their own Director for inclusion on any new Board. If they accumulate up towards 20% it would be inappropriate to not accept that nominee I would have thought ?
I can only see much ongoing legal jousting and wasted shareholders funds from both Companies going forward.
Let's be honest MLM have a path to export whilst DRX without MLM or Mitsubishi's jetty have nothing for umpteen years.
Cheers
- Forums
- ASX - By Stock
- Ann: MLM takeover offer - fourth supplementary bidder's statement
Yeeew, So tell me how it's going to work when DRX don't get 90%...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLM (ASX) to my watchlist
|
|||||
Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $21.11M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $45.92K | 2.087M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 234141 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 563000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 234141 | 0.022 |
2 | 320759 | 0.021 |
1 | 1000000 | 0.020 |
2 | 246200 | 0.019 |
1 | 350000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 563000 | 2 |
0.024 | 920848 | 2 |
0.025 | 252630 | 1 |
0.026 | 71000 | 2 |
0.029 | 100000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
MLM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online