CCU 0.00% 5.8¢ cobar consolidated resources limited

Ann: Trading Halt , page-21

  1. 455 Posts.
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    Dinkadink I hope you are correct but I am a little confused , wouldn't Magna be aware of this scenario when the board approach Sprott .

    Plus are you sure that Sprott would have first option to buy the company or just take out the debt in exchange for being a majority shareholder , as they would have to have either control or greater share ownership than Magna .

    If such a scenario was to occur they would have to throw out the current board, chairman and CEO .

    Time will tell , I just hope that such incompetent people do not get another chance to destroy another company.

 
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