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2,892 Posts.
96
02/11/16
09:54
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If you look at MOL's offer, MOL is not buying entire Gulf but only MAJORITY of Gulf.
This is very similar if not identical to Hanlong deal with MOL many years ago... own majority.
Than they used their majority:
To remove board of directors,
"loan" to start Moly mine or act as guarantors
Their own directors and fees
If I'm Gulf holder I definitely won't accept MOL, but MNI's offer.
Same trick all over again.
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