Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-199

Very true but also the same token why the rush to see this transaction happen tomorrow ?
Why not wait 12 months until a few shipments went out and a resource upgrade is out then we can see clearly where we stand ? Why the rush to merge and issue new shares to instos and sophs when we are just a month out from the first shipment ?
If the company needs a few bucks to complete the plant why not run the collection plate to existing shareholders on a % allocation basis and if there is anything not taken by existing shareholders only then go to sophs and instos to cover any shortfall ?
Its a bit more complicated than MC having more shares then anyone else on this forum, what if besides the shares he has he also had something else at stake and other reasons for supporting a merger ?
Thinking beyond tomorrow's SP best thing to do is do nothing. Wait until we have a clearer picture before deciding to merge, accept a TO or anything else. Most of the reasons given for this merger and CR make little sense and if something smells off then it probably is.