Personally I like the proposal, a simplified venture which I can still be a part of on the ASX. A bigger single entity would also be more interesting for fund buyers as they don't need to consider politics between the 2 entities.
My concern at the moment though is timing.
I would like to see this merger go through quickly, so that the dust can settle BEFORE the ASX 300 rebalancing and the Lit ETF rebalancing.
I fear that the timeframe given would cause us to miss that timeframe. Netiher ETF or Index would include a company which is about to dissolve (Tawana as it is, should there be delays) and if the company hasn't settled in fully by the time rebalancing comes then it may be stopped from inclusion due to too many questions.
I wonder if Tawana and AMAL are considering that timeframe, or if it will indeed be completed in time before the rebalancing?
Sorry if its been posted before.
TAW Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held