Ann: BTR: Strategic Merger Presentation, page-5

@robbo24 why are you so excited? Literally the absolute minimum in performance sees the proposed MD (Rovira) granted 80 million shares in the new company over the next 3 years. Or circa 8% of the combined entity. That is an absolute joke.

Hobba gets paid a $1m, if the coampny does exactly what a bloody gold company is meant to do. Its absurd.

There will be circa 1 billion shares on issue in the combined company with an existing 200 million options outstanding.

The distance to the Laverton Processing Plant is 260km. This is not close.

This a terrible, terrible deal for KWR. We have cash, and we have a JV with BML. We do not need to enter into this merger. This is lazy and self serving from the KWR management. Really disappointing.