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70.0¢ mallee resources limited

The reason is to keep the eventual owner happy, make the company...

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BPAA

4,072 Posts.

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22/06/23

13:31

Post #: 68418447
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Originally posted by Staunch: ↑

There expenses for the next 6 months predominatly revolve around additonal purchases and drilling. There is absoluely NO REASON why these could not have been put on hold, thereby negaating the need for financing the extensive share holder dilution of capital. If this new financing is requires SH approval then I encourage eveyone to vote NO.

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The reason is to keep the eventual owner happy, make the company worthless and easier and cheaper to aquire.

It's just a mess and a disgrace that in a country like Australia these types of ASX listed companies can exit on their own terms and then create carnage for their own self interest

MYL Price at posting: 70.0¢ Sentiment: None Disclosure: Held
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