News: MLX Apac Resources Says Wishes To Be Able To Buy Metals X Shares In Potential Equity Raisings, page-43

IMO it is in the company's interest to divest from Nifty.
But if an offer that is not that good is made, APAC might argue they would prefer to raise capital.
They have already pointed to this.
A capital raise benefits APAC as the largest shareholder who is cashed up so Brett Smith will be vying fo this. Cheap shares and more control.
I imagine the Chairman (as he is new and invested at 6.7 cents per share) might not see APACs intentions as below board.
It is in the company's interest to divest on reasonable terms but not to wait for a excellent terms. That won't be achieved any time soon.
If Nifty was sold for 10-20Million the share price would rocket. IMO APAC wants to drag this out much much longer with dilution along the way.
So for me, I have already been in MLX for too long, with averaging purchase price around 18 cents. I just want out at a reasonable price.
Don't want to wait another 2 years and risk more bad or greedy management.