Stick a fork in it...
If they could not find either a better suitor with the same deal that Calibre negotiated, one isn't going to show up now. Not with that killer PP + 17.5M break penalty. A subsequent offer at 85 cents would now cost the buyer an extra $35M. So unless it was not shopped around (HF - would that not be rich!), any entity that turned it down before, won't be stepping up now the cost has gone up by $35M for an 85 cent. An offer at $1 has now gone up by $44M. That PP was a dagger. It almost makes you think they had no alternatives. no one was going to offer 85 cents - not even Calibre (unless that PP was included)
And if a big fish did buy MOZ, MOZ shareholders would never realize the undervalued/future potential of the VL project. Too diluted with other production.
Yes - this really stunk. I have witnessed the same retail shareholder uprising so many times to no affect. EDV became a miner through numerous acquisitions beginning with Etruscan. I was on the Etruscan end of the stick. And then from then on, on the other end. In almost every case, the target retail shareholders were furious. Every deal went through. I have to say the last 30 day trading activity (and Blackrock) really made this fish stink but good luck pursuing that line. welcome to the jr gold sector!
And unless they had their big votes lined up, they would not have made the deal. Voting against this is kinda like voting for the Green Party. Might make you feel better but it's not changing the result.
And to top it off, i think the CEO gets a $2-3M severance package. I expect he might use it to relocate.
tC