Congratulations to all who have predicted and called for this transaction . I thought that the two BOD's would find it too hard to negotiate the deal through but happily I was wrong !
Good result for both parties and should unlock value and streamline developments in Andromeda without a JV partner . The management and BOD's keep their jobs , cash out their options ( well deserved payday imo ) and can focus the new MEP on what they do best . I am not sure what the tax status of the received ADN shares will be but I suspect they will get a ruling from the ATO to give us a guide .
E that was an exceptionally accurate prediction .
Looks like a done deal to me .
So lets see how it will trade .
MEP Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held