Can not agree more rocket973! The management is all but...

First 40 Last

Share
Profile

Follow
Oleg

24 Posts.

5

29/01/19

11:25

Post #: 37249032
Share

Originally posted by rocket973: ↑

An unfair situation MZI shareholders face is the huge dilution caused by the interest owed to RCF and paid in shares. This problem is being caused by a few shareholders dumping their piddly shares sending the share price to low levels. The next quarter share allocation for interest has the potential for RCF to get 50 to 60 million shares for $1 million interest. This also means that if the business is sold then the price per share will be very low giving RCF the biggest chance to recoup their money.
I'm currently overseas but I'm considering the possibility of contacting ASIC as well as the Australian Gov't Takeover Panel when I return.
It wouldn't be the first time that I've reported Rodney Baxter to ASIC, he was the CEO who withheld market sensitive information from ConsMin shareholders during a takeover bid.
I was threatened legally by ConsMin management to stop sending letters to shareholders to Vote NO.
If the MZI management weren't so incompetent you'd be excused for thinking the situation is deliberate.

Expand

Can not agree more rocket973! The management is all
but independent, exchanging constantly information with RCF and unable for years to find alternative financing.
We should consider besides highlighting to ASX/ASIC
also litigation possibly financed by IMF. Such a shambles

MZI Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

NWH

NRW Holdings voted Wealth Within's hot stock tip

AIR

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

There are more pages in this discussion • 1 more message in this thread...

First 40 Last

Add MZI (ASX) to my watchlist

Can not agree more rocket973! The management is all but...

Top Stories

NRW Holdings voted Wealth Within's hot stock tip

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Featured News