@Deboss, read my other posts earlier this week, it has already been covered.
MLL do not need to do any of the things you seem to think they do, because they have done everything by the book and have been allowed to continue to trade.
It seems to be something you and a host of others that have lost a heap of money in some dreadful African companies do not understand.
MLL have been exploring for gold for years.
MLL has already sold gold ore to the plant they are buying.
MLL is buying a known gold processing plant that will continue to do EXACTLY what it has been doing.
MLL has a clear 'arm's length' transaction with a known gold major.
MLL is getting a resource estimate for any known mineralization all in accordance with JORC standards.
MLL will be having a shareholder meeting to pass whatever resolutions are required
MLL seems to be the opposite to what you have invested in, by doing everything by the book..
If there had been any issues whatsoever, the company would not have been trading from Monday to Wednesday afternoon.
This is how you do a standard transaction of stepping up the ladder to something much bigger. If you can't tell the difference then the problem is in your understanding of the system.
If you don't think there is a difference between buying off a major, and some dodgy company, then the problem is your understanding, not the deal.
If you don't understand the difference between buying an operating gold processing plant, to continue to process gold ore, and the purchase of an old mothballed plant that you plan to re-purpose (without any expertise in the field), then the problem is your understanding, not the deal.
If you don't understand the difference between getting a JORC resource estimate for existing JORC compliant drill intercepts, and buying some ore off dodgy companies, then again the problem is your understanding, not the deal.
It is not too late to join this very good risk/reward scenario and be on a winner for a change. I bought in on Monday morning at 17.5c, a new yearly high price, because I see the potential loss if it all goes pear shaped to be a return to ~12c, whereas the upside potential if it all works out as multiples of the current share price.
So far all the arguments against appear to be sour grapes and nothing more, which begs the question of why?? Anyone can buy in when re-trading commences, with all the best value- adding announcements probably later this year with resource estimate, mine plan, drilling success etc.
Wouldn't you like to be on a potential winner for a change??
