More likley its some technical issues with the Nico Prospectus . FIRB woiuld have delt with any issues relating to foreign ownerrship and understand their aproval was granted . If I was MLX I would want a director on the Nico board given they will be the largest share holder and also to repesent the interests of the MLX share holders who will recieved the in species distribution .
Remember MLX would have been in the hands of the recievers and would have lost the Tin assets if APAC did not refincae the CITI bank loan as they were in breach of their banking covernants and Renision was the security on the loan .
Given the improvment in share price and stratergy I am pretty happy with the present board and managment
MLX Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)