ZAG 0.00% 1.7¢ zuleika gold limited

Ann: Results of Meeting, page-2

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  1. 2,755 Posts.
    lightbulb Created with Sketch. 27
    Very close to a vote against on resolution 4 and 5.

    So now Malcolm and Annie have their golden handshake (value circa $170k @ based on takeover).

    They've extracted a number of years salary and in Annie's case additional income via rent.

    They moved the Aurigin assets to their new company, with terms which could dilute DAU's position to a small fraction of ownership, after using DAU's cash to fund the venture.

    I would be surprised if they don't take the money and run (i.e. recommend shareholders take the offer) from VAN.
    Last edited by Bullion Baron: 18/09/18
 
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