i notice two very interesting comments with respect to the sale of jumbuck to syngas
RE: the break fee
"ASX subsequently determined that the termination fee constituted an unreasonable or coercive break fee, and notified the Company that ASX would not approve the Notice of Meeting seeking approval for the sale of the Jumbuck Gold Project until the Sale Agreement had been amended to remove provision for the termination fee."
RE: the resolution to approve the sale to syngas."If Resolution 2 is not passed, the Company will not be able to proceed with the Jumbuck Transaction and will instead offer the Jumbuck Gold Project to other interested parties."
looks like the the ASX is onto the dodgy dealings of the tyx board, and it looks like the board are aware they may not get away with the sale to syngas when higher offers are on the table.
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