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Ann: Scheme Meeting Postponed, page-10

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grunyans

125 Posts.

39

01/12/23

14:31

Post #: 71220961
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Originally posted by nordesmic: ↑

I see Silvercorp being severely constrained to up their offer materially.

They are US$500M company and need to fund a US$500M project if they manage to complete the take over (although do have US$200M in cash). This ain't Shandong or Nordgold.

Issuing a load more new stock would be pretty dilutionary pretty quickly too.

Their last 'increased' offer was a bit of a joke since it was below the original implied 60c offer.

They bought a pistol to the fight and Perseus have a bazooka of cash reserves and liquid, solid scrip.

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Norde,

How do you see this all playing out from here given the information on hand?

I originally didnt think a JV would work as I explained previously but maybe there is a reluctance from SVM to let this go without a fight?

Last edited by grunyans: 01/12/23
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