I’ve just started going through the Independent Expert’s opinion on the takeover of Mineral Deposits.
They’ve concluded the takeover is neither fair nor reasonable. Their valuation range is considerably more than the takeover price.
I highlighted their comment below about premium analysis. The three month vwap would barely show a premium in any case..
There is mention of tax free holiday until 2022 in their analysis. MIN would get a couple of years of income tax holidays also in the event of a takeover...
Looking forward to our report. Hopefully it’ll be out sooner rather than later.
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