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08/11/18
23:29
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Originally posted by sydneyguy
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Read the updated scheme booklet
Major holders are still
Indicating they are voting for it and asic has said they don’t need to be tagged or excluded, so
Imo it will get through- but sure have your vote- the issue of tagging is gone full
Stop
As for Amal doing nothing- well they were first on the block with the tenament so wether you think they are useless in not having put the mine together or it’s immaterial- they are our partners —
Issue of the Amal past executives isn’t flagged as stopping merger vote or completion if passed as expected- it’s not an issue
Amal aren’t getting cow for nothing - that is absurd proposition- they are issuing additional
Shares so that the partner assets come in almost square if taw agree to merge——
Saying Amal is getting cow for nothing is like them screaming— hey taw , we had 18 .841 cash and you only had 10.811m , you got our cash for nothing. - stupid stuff right
cow is just part of all the assets and liabilities that are being merged—- to make up a deficiency in equity between the two parties- Amal will issue 10 percent more shares to exisiting taw holders and then we merge as one operation
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Hi Sydney, so which assets did AMAL have more of that we get for a bargain.
On the negative side I believe we collectively lose approx 2% of our interest in Bald Hill and 51% of 15% of COW. So what assets are we gaining to off set this.
Thanks