Share
999 Posts.
lightbulb Created with Sketch. 358
clock Created with Sketch.
31/03/20
18:52
Share
Originally posted by Blueballzzz:
↑
Well this all looks to be a bit of a fizzer :-( . What I recon might happen is that Twiggy will hold the vwap down to 50c or below for about 6 months and then(if he hasn't already) stitch up a deal with MCR for funding the mining, then will join forces to acquire 100% of Mincor's outstanding ordinary shares by way of a scheme of arrangement. They will then offer a cash consideration of $0.65 per Mincor share, representing a 30% premium to the six-month volume weighted average price of $0.50. So there would be quite a few share holders that will get SFA. And Twiggy being the #1 share holder with approx 47,669,311votes -13.78% (at last count)will be hard to vote against. At the start, I thought that having Twiggy involved, was a good idea. But I'm starting to have second thoughts now. Just my thoughts of what has been happening to the sp of late and what I read between the lines of what might happen in the future. Open to your thoughts guys & gals....
Expand
Most stocks have come off a bit since corona virus took off. Ni price has crashed. There’s no guarantee that Ni is going to come back any time soon. For now twiggy is stuck with the stock he has like all of us.
Last edited by
Metz :
31/03/20