thanks, understand a little bit. But I still think the acquisition is too speculative to existing shareholders , no difference with gambling.
After the consolidation, existing SHs only hold 1/14 of the new company for 66% interest of an unknown potential project. It equals to jade using 4.9% of the project (may be just paper work so far, to let HGM help it listed , pay the relevant fees of course , and providing $6m funding to its project. What did jade gas done on earth?
I suggest the company changes name to jade gas directly.
If with JORC or confirmed resource and significant funds already spent on it, different story. In current market conditions, the company should find much better value elsewhere for existing SHs, if they just wanna keep 1/14 interest for existing SHs.
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