I agree with sowens here, and in the absence of a better offer, MEU’s $2.6 million looks attractive, and keeps us in the game.
As per their Ann: « The Board of Marmota notes that the terms of the Marmota offer are unequivocally better for Tyranna shareholders than the Syngas offer in every respect, and superior to the Alliance (ASX:AGS) offer in every respect. By value, the Marmota offer exceeds the Syngas offer by 160%, and it exceeds the Alliance offer by $575,000.The Marmota offer is also fully-funded, and not conditional on any capital raising. » ..
AGS (over 71% owned by Gandel Metals) would need a CR as their quarterly shows that they have just a bit over $1.5m in cash..
Anyway, as we own 3 million shares in this egregious company (at some considerable loss),I don’t think we should reward bad management by turning a blind eye .,
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