Exco distributed the proceeds of the sale of Cloncurry copper to XStrata in 2012 - including by paying a 38c per share capital distribution to all shareholders.
Then there were other mitigating circumstances re Ivanhoe.
Effectively shareholders did get the 2011 shareprice value of Exco, including with the takeover by Soul Pats , despite copper & gold prices having dropped away in those years.
Ann: NOTICE OF EXTRAORDINARY GENERAL MEETING / PROXY, page-84
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