Remember this company announcement from just 12 months ago... https://hotcopper.com.au/threads/an...international-investors.3815550/#.W_hU2DmrE0M
Placement oversubscribed 3 to 4 times.
At the conversion rate obtained by Bergen they will end up with @ 20% shareholding for @ $12 mil. Why would SKI pay $80 mil.
Such a bad deal one has to wonder... "why?"
Ann: Appendix 3B, page-67
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