This Conico announcement is gibberish.
Greenstone scheme meeting is 2pm 31st May in Perth and Conico raise closes 5pm 31st May in Perth, so sometime between 2pm and 5pm a Mt Thirsty scoping study announcement is to be made and that is for the benefit of Conico shareholders to consider investing. Greenstone directors are not saying anything about Mt Thirsty except they are going to take 33,250,000 unearned performance rights.
Think about continuous disclosure rules, how can it be that sensitive information can be produced for Conico shareholders and denied to Greenstone holders in the space of 3 hours? The answer is that Greenstone at 2pm 31st May will be no longer an entity it will have merged with some tidy up legal paperwork to occur.
Just my opinion.
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Ann: HRZ: Greenstone Shareholders to vote on Horizon Merger, page-40
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