An independent board committee (IBC) established by JSE-, ASX- and Aim-listed MC Mining to assess an off-market takeover bid by Goldway Capital has reiterated a call to shareholders to take no action following the receipt of a second supplementary bidder's statement.
Goldway is a consortium comprising MC Mining's biggest shareholders – Senosi Group Investment Holdings and Dendocept – and in December made a nonbinding offer to acquire all the shares it does not already own in MC Mining for A$0.16 apiece.
The IBC in February said the offer was opportunistic and not reflective of the value of MC Mining.
The IBC is reviewing the contents of the second supplementary bidder's statement submitted by Goldway and will provide a formal response in due course.
Fellow coal miner Vulcan Resources earlier this month proposed a potential buyout of MC Mining's shares at a price of between A$0.17 and A$0.20 a share, but decided only a few days later not to proceed with an offer.