MLX 3.30% 9.4¢ metals x limited

News: MLX Apac Resources Says Wishes To Be Able To Buy Metals X Shares In Potential Equity Raisings, page-2

  1. 843 Posts.
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    "We come as friend, help you guys out, honest we don't want the lot.....but happy, take many discounted shares."

    Still view Mt. Gibson Iron ( MGX ) as possible vehicle here....33% owned by Apac, $400m cash, have been looking for a suitable opportunity in base metals for some time , WA based with remote operational experience.

    Apac could flick on their holdings to MGX for a profit and maintain underlying control.

    Time will tell, just hope there is a competing bid to keep them honest.
 
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