That is exactly what I suggest. Why wouldn't they? They will control the company and will be able to do as they please.
Do you really think the Chinese have your interests at heart?
2 more capital raisings and they will own 90% then the takeover at 0.01c is approved. They will do it much easier than that.
Furthermore why would you sell (for no consideration) during a recession if you didn't have to?
I seriously can't get over this proposal. It quite possibly the worst proposal in the history of Australian mining. It is that bad. What is a final precedence? Sounds like a contradiction.
PEM Price at posting:
17.2¢ Sentiment: Sell Disclosure: Not Held