MGT magnetite mines limited.

That'll be a hard-nosed negotiation in the minority shareholders...

  1. 1,918 Posts.
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    That'll be a hard-nosed negotiation in the minority shareholders interest - not!  Toll negotiating with Toll.  The usual safety net of independent directors is moth-eaten, to say the least.

    Here is a taste of whats coming: MGT must pay for its own legal costs AND Lodestone's costs!:

    "MGT must pay its own costs and expenses and reimburse the additional costs and expenses of CHG and Lodestone in relation to the Transaction incurred prior to Completion, the cost of which is $200.000."

    A no-brainer for Lodestone, sycophantic acquiescence by MGT, value destruction for minority shareholders.

    Just my opinion.
 
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