GREY:WFEMF - Post by User
Comment by
ark88on Feb 23, 2015 9:59am
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Post# 23454376
RE:POSCO MTECH to build a molybdenum plant....
RE:POSCO MTECH to build a molybdenum plant....yyzflex; wonderful bit of sleuthing. Coincidence? Perhaps not.
So, Taegutec is building the plant which in of itself is an interesting development.
Add to this the particular wording of the BoD cancellation letter for the takeover.
They simply said that it's not in the best interest of shareholders. Nothing about being undervalued, seeking a better price, establishing a special committee, hiring an advisors, typically all the things that are done by companies that are interested in selling, seeking a buyer.
So, they are not interested in selling and yet they are behind the eight ball in terms of monies due and required toadvance the project.
So, what is the PLAN? Are we developing the mine or not?