Ann: Peak to be acquired by Shenghe following Entitlement Offer, page-12

independent valuation will give us some comfort

50% of this held by retail - good luck convincing retail + the remaining top 20.

Basically our sellout board and shenghe have to convince alot of small holders to accept cents on their investments

Today:

From 2022 according to ChatGPT

	Rank	Shareholder Name	Shares Held	Ownership (%)
1	1	Shenghe Resources (Singapore) Pte Ltd	52,899,173	19.85%
2	2	HSBC Custody Nominees (Australia) Limited A/C 2	15,338,586	5.76%
3	3	HSBC Custody Nominees (Australia) Limited	11,059,043	4.15%
4	4	BNP Paribas Nominees Pty Ltd	6,120,328	2.30%
5	5	Citicorp Nominees Pty Limited	5,639,086	2.12%
6	6	Netwealth Investments Limited	5,588,737	2.10%
7	7	Buttonwood Nominees Pty Ltd	4,529,953	1.70%
8	8	Sutton Nominees Pty Ltd	4,308,745	1.62%
9	9	Sambold Pty Ltd	3,740,000	1.40%
10	10	SPARTA AG	3,706,042	1.39%
11	11	BNP Paribas Nominees Pty Ltd	3,128,731	1.17%
12	12	Wistrength Capital Pty Ltd	2,182,814	0.82%
13	13	One Managed Investment Funds Limited	2,072,891	0.78%

Sutton Nominees for example - convince their holding this is fair value.


My 2c - Gina Rinehart will come into the mix and the board is getting the bidding war started.

Else indepent valuation goes higher and we get more.

Lets see if it trades over 36c - that tells all

I just wonder how much of this deal is done by Shenghe and Tanzania with brown paper bags in place