MOY 0.00% 5.1¢ millennium minerals limited

This has caught many by surprise and make me think is it by design??

  1. 321 Posts.
    lightbulb Created with Sketch. 50
    Which bit is the surprising bit? The majority shareholder bankrolling and keeping the co afloat for years after rescuing it once before and finally saying enough is enough?

    Or the major shareholder offering to take all the shares and responsibilities of a loss-making mine in return for paying out some money (and probably best outcome for any existing creditors)?
  2. 25,433 Posts.
    lightbulb Created with Sketch. 1192
    Any wrongdoing get them in court. Dir's Indemnity Insurance
    will cover it and Insurance Co's usually settle first as they don't want to pay lawyers either.
 
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Currently unlisted public company.

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