Corporate spat over the carcass of Mine Restoration Investments
A transaction worth 20 times the value of Mine Restoration Investments’ market cap has pitted shareholders against each other
10 September 2020 - 05:00
A nasty scrap has broken out over the carcass of Mine Restoration Investments (MRI), a nearly forgotten cash shell company.
While hostilities over the company, which has a value of only about R25m, may seem improbable and fruitless, there is a pending transaction worth more than 20 times the company’s current market capitalisation that appears to now hang in the balance...
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