Shafted indeed.
Directors are showing total disregard for loyal shareholders some who have held for considerable time in expectation of a return far greater than is being offered by SLR. All this against a background of record AUD gold price of over $2200.
This is a release from EGA last October when the AUD gold price was around$1700
“In conjunction with its financial adviser, PCF Capital Group, Egan Street has received and completed an initial assessment of several indicative and non-binding offers, which have been received from a range of financing groups.
The non-binding offers provide for financing solutions ranging up to $35million of conventional debt alternatives and which contain attractive commercial terms consistent with a project financing of this nature.
The Company anticipates moving forward quickly with the formal appointment of a preferred financier to secure development funding for the Rothsay Project.
Egan Street Managing Director Marc Ducler said the receipt of multiple indicative offers from a range of reputable project financier. “
So 10 months later we have a $500 stronger gold price, an improved and progressed project but no finance and we are being asked by directors to accept a takeover that substantially undervalues the company.
Other words beside shafted come to mind..
I will remember the names Marc Dulcer and Lindsay Falkner and avoid any companies they are associated with in the future.
- Forums
- ASX - By Stock
- EGA
- Ann: Target's Statement
Ann: Target's Statement, page-7
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EGA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online