You're right and history will repeat.....
I first came into MIN when they made and I accepted an off market scrip bid for Mesa Minerals back in 2010.
Their offer triggered an on market buying spree by a Chinese guy who wanted their manganese assets . Memory suggests on market price barely went above MIN offer. They only secured 64% off market and then they played long.
They eventually got the numbers to delist.
The Chinese guy watched his investment go to near zero. Years later, by chance, I saw an AFR article that he took MIN to court over governance/suspension of all development activity with Mesa and failed.
Chris is a hard arse capitalist with deep pockets, playing the long game.
By all means, play your own game.
You're right and history will repeat..... I first came into...
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Last
$49.14 |
Change
6.010(13.9%) |
Mkt cap ! $9.656B | |||
| Open | High | Low | Value | Volume |
| $46.71 | $49.23 | $45.55 | $170.1M | 3.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $49.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.16 | 3984 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |