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As part of the ongoing review, the Company has identified a number of potential reverse take-over targets which are being evaluated to determine the most suitable value acceleration for the benefit of its shareholders.
While the review is set to conclude in LATE SEPTEMBER the Board confirms its decision to concentrate growth and value creation efforts on the mining sector.
Furthermore, the Company announces additional strengthening of the management team, with the appointment of Andrew Sekandi , Scott Gilbert, Damon Chadwick AND
To assist in the completion of the business review, the Company is delighted to welcome Chris Chadwick to the Board. Chris is a highly experienced mine operator with a demonstrated track record of success in shareholder value creation. Chris was previously the Chief Executive Officer of Gold One International and director of Sibanye-Stillwater, one of the world's largest primary producers of platinum, palladium, and rhodium and a top-tier gold producer. He is also the co-founder and CEO of African Gold Acquisition Corp. (NYSE: AGAC)
TICK TOCK
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Where are the funds for this coming from as the company has no income? Who will buy now only to be diluted to nothing later?
Currently have the BritNRG court award, potential for many millions from IMC
international arbitration but at the moment, it would really be down to the
RTO target........
How high they pump it and at what level the conversion of MNRG shares is made
also will MNRG be also share consolidated as part of it
Been in dozens of RTO's , taking over a bigger company than yourself, not to be
confused with some that ref to RTO and its not it's just a combined multi AQ's
Many have jumped 500% - 1000% to set a level for the deal , others not so much
a couple of recent ones, one only moved from 3p to 5p went into suspension as
all true rto's do, pending first concluding the transaction and then FSA approval
of a new prospectus, then Market approval, basically the last 2 steps of an IPO
it came back to the market at 15p and roared to kiss 35p
The other GCG barely moved and from the details released going into suspension
might not move much on its return , fingers crossed more news to follow and give
it a proper RTO style boom.......π
The first part doing the deal , can be the lengthy bit weeks to many months, depending
on how far things have actually been developed to finalise, the second FSA/Market
approvals 3 weeks, if the paperwork up to snuff.
At MNRG's current market cap , taking over pretty much anything would be
an RTO π€£
Lets hope it does a WRN , without the crushing end for many, it went into suspension
at 3.25p , came back and within 3 sessions kissed Β£3.30p crazy rise, turned out the RTO
was not a single company BUT 15 involved AQ's
Market asked the question WHY, the company could not give a satisfactory answer and
as it tumbled, the re suspension notice landed , died on the day never to return stuck on
89p
Never been so glad to have bailed to early, cut and sliced mine , until all gone by just over
Β£2, watched it keep booming (%$$"^%&) then considered the boy done well, as the stone
dropped on so many friends/posters on this board and twitter /DM chat pals.........
π²π²π²π²π²π²π²
A week that started so blue , ending so RED RAW for many, who thought they had hit
that once in a lifetime 10,000% + lottery winner.......π€¬
π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€
Rolf and co , pull off a multi mega bagger RTO
π°π
Next few months could be very interesting!
Only 8 market sessions after today to the end of the month, tick , tock π₯
As part of the ongoing review, the Company has identified a number of potential reverse take-over targets which are being evaluated to determine the most suitable value acceleration for the benefit of its shareholders.
While the review is set to conclude in LATE SEPTEMBER ππ
π°π
Chris Chadwick likes building companies so lets hope he does what he does best again.
π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€π€ NOK
As long as Rolf , does not miss , yet ANOTHER deadline/target date/month/year ππ€£π
we should have initial update news soon........
by LATE September, as in the RNA message over the rns news wire, not a lot of September
left π€ π° getting closer every day...... ππ