re: Ann: Advises shareholders vote in favour ... Without the 100% participation of all investors in the Con Note, RSG picks up the company for 12c. The stock price will remain depressed, RSG will take their time converting meanwhile making sure the project is up and running.
They have optionality. Project works, then great. They offer the market a premium to the 12c ( probably 2 years or so later), maybe 15-16c?
RSG looks like a good candidate, but am not a fan of the structure or the way they are doing things. Obviously great for RSG holders and the 19.99% that made a deal with RSG, not so great for NMG holders.
All of the above are just my thoughts. Have been holding this thing a long while and like everyone else, would like to see this move forward. Agreed with the previous poster that management /board needs changing and I believe that whoever comes in will make the appropriate changes.
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