Can CMM still acquire WA8 assuming holders stay put?No! Why? There are currently 370 million shares or 31% of shares on issue held by stakeholders on wa8 that intend to vote NO to the proposed scheme of arrangement.
This represents shareholders acting on their individual capacity only as holding shares in their company, smsf, and individual accounts. Their common interest is to see wa8 continue as independent in realising the potential of Golden Range project. They also believe the process Cmm offered is a big insult.
The thread’s title is mildly put as we want to gently wake up the directors who signed to sell us cheap are deep asleep.
If you don’t want to use this thread daily, that’s okay. info on voting logistics and more pertinent action items will be provided here instead.
WA8 Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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