Hey quickthinker,
Good point and I'm sure one we have all considered.Lets she what happens in an example.
Lets say that you own 200,000 shares. You are entitled to approx 30000 new shares. (7:1) At 36/share this is approx 10k worth of shares. Now let's assume that you bought your original shares for an average of 50c/share. That's 100k. You now own 110k worth of shares .
Do you really think people will be selling out now they have an extra 10% in shares?Its only a matter of time before bhp or min comes along and sees they can get the king and Queen of pilgamgoora for 4 billion dollars! (or 2 at todays mc)
Gltah
Ann: Share Sale Agreement to Acquire Altura Lithium Operations, page-147
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