The Chinese major shareholder of TIE , which only held a single gold mine in Africa like MTC , did exactly this process..
The Chinese held about 10% of TIE shares , made an offer of 68c, they then sat in the market at 68c until they got over +50%, then they delisted TIE.
Maybe there are substantial Tax benefits this way by not having to pay Slovakia capital Gains tax on the disposal of the Asset if you make a full takeover..
I'm sure Chifeng understands all of this. Chifeng owns almost 10% of MTC and paid 34-40c for there shares, so they want the best for there shares too.
One thing is for sure, a full takeover is better so we don't have to worry about Gino & his bankrupt buddy keeping the cash to pay themselves directors fees & consultants fees for the next 20 years...
MTC Price at posting:
18.0¢ Sentiment: Buy 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)