UML unity mining limited

merger uncertainty?, page-4

  1. afd
    2,216 Posts.
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    The voting down of items 5 & 6 at the AGM points to shareholders unwilling to blindly accept matters. Good.

    I find it disappointing that management figure that the new objection is not a market sensitive matter given that they are proposing that we merge with a single (prospective) mine operation.

    Even if wolve's suggestion (that the objector has no grounds)is right, what about the amount of time the matter will be tied up during the 'resolution' process.

    In any case, given voting down of items at the AGM, I'm hopeful that the merger will be voted down unless there is full and quick disclosure about this 'objection'.

    I would also hope that if it is not resolved before January, that management delay / suspend the merging of the entities.
 
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