Sorry this deal is shit for Mte shareholders,if I wanted a holding in cbx I could buy into it myself. All this does is increase mlm shareholding in Mte ,by way of its holding in cbx,and gets them off the hook of a cbx capital raising(as they need cash) Talk about conflict of interest! I bought into Mte for COAL as probably did most shareholders,Also I dreamed at some stage Sino & Dadi would take us over for a premium. Having recently increased my holding to 650,000 shares,I'm disappointed with the directors change of path/focus for our company.
MTE Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held