A quote from a Dow Jones Newswire release; "While the Treasurer's decision means Harbinger can keep its entire stake, a previous ruling from the Takeovers Panel stated it cannot vote it's 4.27% of its Midwest shares in any shareholder meetings whilst the Sinosteel bid is in play."
So, the takeover offer from Sino's bid for Midwest currently ends July 18. Midwest has a general meeting set down for July 31. Sino's acceptance's will be much clearer then and as long there is no extension to their current offer ending July 18 I suppose Harbinger can use there 4.27% to vote at the shareholder's meeting.
MMX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held