MIN mineral resources limited

The proposed JV brings some powerful potential synergies to MIN...

  1. 141 Posts.
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    The proposed JV brings some powerful potential synergies to MIN and AGO, that's pretty clear. And I'd enthusiastically support it if the share of merger benefits were even somewhere closer to balanced.

    However, it seems business as usual, with Atlas shareholders being rolled by their own debt-holder dominated BOD. Atlas management could have shed most of the debt months ago; but they chose to remain mired.

    With sincere and active management, AGO's true MC would be north of 1 billion. The AGO share price has been killed by the actions, and inactions, of AGO's debt-holder dominated BOD. And now, just as AGO sees the light at the end of the tunnel, the board attempts a sell out for a song and a promise of magnificent careers in the new structure.

    I've never seen such a proposed merger Ann, so devoted to announcing the bright futures of the management, so devoid of detailing benefits to the shareholders.

    AGO shareholders would be delighted by a change of management - if it weren't for this shameless sell out deal.
 
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