Ann: Acquisition of Atlas Iron Limited, page-21

At least your not an ASX:EGO holder...

MIN picked up the entirety of EGO's assets (as securitised-debt) by basically 'loaning' them A$15.1m...

MIN pounced after the 'idiotic' EGO BoD & Exec's 'caved in' their only 'producing' well while doing a 'pressure' test...

MIN 'swooped' once EGO identified they could no longer service the MIN debt, the gas-plant alone is worth A$20m, let alone the exploration assets...

MIN are a ruthless bunch, but business is business, and they've got the cash and muscle to get outcomes...

I'm still waiting for the 'official' de-listing notice for EGO to claim a ~A$20K loss...

It's an 'opportunistic' move by MIN, for a company that, not unlike EGO, doesn't have the 'nouse and muscle' required to make AGO (like EGO) a 'well-operated' outfit...

I bought MIN shares in my super as soon as it happened, they have a promising future, potentially the next 'quiet achiever' (BHP), perhaps to become known as the 'silent giant' in years to come...

Patience, patience...

ML