good rise coming , page-24

Apalling situation with MZI that the ASX should pursue.

Given the board must have had knowledge of the existence of the impending release of positive news, why did they allow the announcement of a hugely dilutive rights issue go to market and slam the share price, then issue today's release and reverse all yesterday's losses?

It is not unsual for a company to call a trading halt leading to the announcement of a rights issue and in the circumstances, this is what should have happened here particularly in the knowledge of the impending resource upgrade.

Extremely fertile ground for market abuse by those with any inside knowledge and whether this has happened or not is not the issue. This board has placed itself into a very sticky wicket because of its total lack of common sense and probity.

How can the ASX sit back and allow boards to do this? Not the first black mark by this mob. Remember the very late disclosure (4 months after the event)of the disappearing loading jetty at Tiwi under Mal's rule at Matilda?

Another poster referred to Randall as Mudguard Mal. Shareholders who sold yesterday might have even more colouful descriptions of the esteemed Chairman and his hapless (hopeless?) board.

No doubt silence from the ASX or just maybe one of those innocuous queries that never leads to anything.

Hopeless company lead by hopeless management and board and now 1.6b shares on issue. The curse of Kiernan infests this company.