MTC metalstech limited

Ann: Request for Extension to Voluntary Suspension, page-98

  1. 217 Posts.
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    I forgot one thing. Most people here assumes (and have motives for that, observing the behaviour of the company since January) that there will be a TO offer. Since Monday I think the opposite. And I assume that I might be wrong, and of course I expect to be. But is enough for a large shareholder to convince the board it would be of benefit to develop the asset instead of sell it. Just that. It's cheaper than making a TO, and not as smelly as forcing a delisting. It's a nowhere's land.

    After all, Minmetals was hired by the company, but, im the end, serviced and was paid by two shareholders, one of them a board member. That's an evident conflict of interest easier to solve if Sturec is developed. Not directly sold. Not sold as in a TO of the company. Not snatched as in a forced delisting.

    And nobody could tell a word. After all, developing Sturec would be "in the shareholders best interests". In a five year timeframe, of course. But that would be a detail in the small prints.
    Last edited by stoodstill: 09/09/24
 
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