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5.6¢ dakota minerals limited

Ann: Grant of Core Tenement & Project Update, page-6

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Quanta

11,703 Posts.

1077

28/02/16

09:20

Post #: 17135355

Originally posted by Pizzas4 ↑

I should have also stated in the previous post that the General Meeting for shareholder approval didn't occur until 12 February 16 so it was impossible for the transaction to finalise until approval had been granted.

Will all due respect to the supposedly more experienced posters (by number of posts if that is a guide) a matter of this importance should have been announced and should be price sensitive. I have been on the ASX website and reviewed all the company announcements from the announcement of 18/12/15 which is reproduced below.

The 20/1/16 Announcment states ".......the core exploration tenement application E45/4523 at its Lynas Project...................................has been granted. Dakota has entered into an agreement to acquire 100% rights to the Lynas Project, subject to completion of the transaction as announced 18th December 2015' (my emphasis added).

As you can see from the list, there are no price sensitive announcements following the Notification of the Results of the GM on 12/2/16.

I say again you cannot finalise a transaction until all the conditions precedent have been met, for example the GM approving the transaction (which was a no brainer but still needed to be held).

Then to discover that the sale was reported as finalised in the UK must have been of interest to shareholders as, at this stage, there is no certainty that shareholders have acquired an interest.

In the interest of current shareholders with a holding at the time of any such announcement surely there might be an expectation of share price would rise if the market was aware that the sale had in fact been completed and DKO was in fact the legal owner of the Lynas Find tenements and the purchase from Ariana had finalised! (Of course everybody could have sold on the news but isn't that the whole ideal of owning prior to an announcment)

I am not suggesting that the sale is not proceeding. Rather I am suggesting that, IMHO, when you look at the changes in holding that occurred in the last few days to amend the share capital (which occurred after the UK newspaper report - see my previous posts) then surely the price sensitive announcement that the sale has complete must still be coming.

GLTAH
Announcements released as DKO

Date Pricesens. Headline Pages PDF Editedtext*

1 25/02/2016 Appendix 3Y- Change of director's interest notice 2 PDF -

2 25/02/2016 Form 605 - Notice of ceasing to be a substantial holder 1 PDF -

3 25/02/2016 Form 603 -Notice of initial substantial holder 2 PDF -

4 24/02/2016 Form 603- Notice of initial substantial holder 2 PDF -

5 24/02/2016 Form 604 Notice of change interests of substantial holder 3 PDF -

6 24/02/2016 Form 605 Notice of Ceasing to be a substantial holder 1 PDF -

7 19/02/2016 Cleansing Notice and Appendix 3B - New Issue Announcement 17 PDF -

8 16/02/2016 Dakota Presentation February 2016 27 PDF -

9 12/02/2016 Results of General Meeting 3 PDF -

10 10/02/2016 Lynas Find Lithium Project Update 18 PDF -

11 29/01/2016 Appendix 3Z - J Wellisch 2 PDF -

12 28/01/2016 Quarterly Activities Report & Appendix 5B 10 PDF -

13 28/01/2016 Resignation of Director 1 PDF -

14 20/01/2016 Grant of ASX Listing Rule Waivers 2 PDF -

15 20/01/2016 Grant of Core Tenement & Project Update 3 PDF -

16 08/01/2016 Notice of General Meeting to be held 12 February 2016 46 PDF -

17 24/12/2015 Appendix 3Z - P Zhao 2 PDF -

18 24/12/2015 Appendix 3Z - A Rechner 2 PDF -

19 24/12/2015 Appendix 3Z - T Neesham 2 PDF -

20 24/12/2015 Appendix 3X - F Wedin 2 PDF -

21 24/12/2015 Appendix 3X - J Fitzgerald 2 PDF -

22 24/12/2015 Listing Rule 7.1A 4(b) and 3.10.5A Information 1 PDF -

23 24/12/2015 Cleansing Notice and Appendix 3B -New Issue of Securities 13 PDF -

24 24/12/2015 New Board and Management Changes 3 PDF -

25 21/12/2015 DKO - Investor Presentation 24 PDF -

26 18/12/2015 Lithium Project Transaction and $3.6M Capital Raising 7 PDF -

27 17/12/2015 Trading Halt 2 PDF -

Expand

The announcement on 20/01 is the granting of the core tenement.

The AGM approved the transaction and funding.

The 19/02 announcement issued the $3.075m second tranche equity. Its not a payment. Its a 3B.

If you add these events together then the transactions are complete.

Only thing missing is paying $300K for the option to purchase and not highlighted.

DKO Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held

0 Great analysis

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