Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-29

Very fishy presentation, with enough holes to drive a truck through. Why aren't they making it easy to judge the merits of the transaction at this early stage?
What is the market valuing AMAL's share at currently?
What is their balance sheet like?
What happens to future franking credits under this arrangement?
Why do they suddenly need to raise so much capital?
Is there a winner and a loser, but benefits that outweigh that?

There will be a big independent experts report coming before shareholders vote, but that doesn't excuse them from providing rich information up front IMO. Overall something like this should work out well IMO.