I want to take a closer look at this deal - so from what is stated below they require shareholder approval from Goldson Shareholders and EPA shareholders which is the next catalyst to shareholder value. in other words once approvals are in place this will be a cash generating cow for our company to progress the Palm project financially - this is GOOD!
once this becomes clearer in coming days weeks the share price will move fast based on whats on offer- this could easily rise 100% on any news - watch for shares to be bought before we see announcement ,not that im suggesting anything LOL - purely a guess on my behalf- i think there is easy money to be made here at current prices
- The Share Purchase Agreement is subject to a number of conditions, including the acceptance of the terms of the Share Purchase Agreement by all Goldson shareholders, completion of the acquisition of Allied and BJL by Goldson, approval of the acquisition by Ephraim Shareholders, and any requirements of ASX in relation to the transaction (which may include re-compliance with Chapters 1 and 11 of the ASX Listing Rules).
- If the acquisition is successfully concluded, Ephraim will continue its existing business operation, which will in fact be supported financially by the acquired business.
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