After years of patience and hands in the long-suffering shareholders' pockets, we have a brand new pure silver mine (rare in Australia) and processing plant ready to roll.
However, rather than reach a fair arrangement for all, it seems the shareholders' interests are going to be sacrificed for the benefit of shrewd outsiders who will get a $1bn of silver in the ground for a tiny fraction of its real value.
There has been far too much of this totally unfair process happening in the Australian mining scene and there needs to be greater oversight by the regulators.
I suggest all shareholders vote NO.
Don't be suckered into putting money into "Macmin 2". Instead, invest in a properly run silver company like CCU (Cobar Consolidated).
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ripped off again!
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