You beat me to it. I was going to say that!!!!
It's a bit of a no brainer if your a Melior shareholder. Obviously they want the merger to go through as if the merger fails and the mine fails then liquidation for the company. That's why the merger is so good for Melior as they've got MLM assets to fall back on.
Whereas for MLM shareholders we got Urquhart due to start now and with an EPS of around 1.5 to 1.8cents a share, that will rerate the share price nicely. Plus cash in the bank, plus a couple of nice little earners that a new board can get going.
to merger
to the current board
to a new Directors
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Ann: Chairman Address to Annual General Meeting, page-15
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