There's no way they can guarantee that dividend. Zn price is going nowhere and now they are looking to spend their cash hoard on a company with currently negative cash flow in what looks like a bear market for base metals. Also will greatly reduce their chances of being bought out as both will have to be bought?
The question is - why AGM?
ZFX
zinifex limited
oversold bounce imminent takeover looming, page-21
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