AIS 4.84% 32.5¢ aeris resources limited

Unless I am misreading the details this looks like an escape...

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    lightbulb Created with Sketch. 5554
    Unless I am misreading the details this looks like an escape plan for PAG. They are only underwriting to 19.9%, but they currently own 38%.

    To me this deal looks like away of PAG getting its money out. I can’t see any upside for the minority shareholders and there is now even more execution risk.
 
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