Lots of "IFS" and "BUTS" and all sorts of probabilities have been voiced here, all speculation, some rather outlandish. But the first real hurdle is the vote scheduled for early September. More than half of the shareholders (by number, not shares held) must vote and 75% of votes cast in person or by proxy (excluding Shenghe's lot) have to be voted "For" for the scheme to be successful. For what it is worth, Shenghe and our beloved BOD would not have come up with this scheme and the shameful offer of $0.359 if they didn't think it would be passed at that EGM. It may just scrape through but that will be good enough for them. I'm not sure what the BOD will get out of this but Shenghe will then have control. And I will never invest again in a company with a major Chinese shareholding or a project in Africa.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)