Have someone reads also the exclusivety part? Tgs is subject in...

Have someone reads also the exclusivety part? Tgs is subject in an exclusivity and therefore not able trying to search other deals within this exclusivity period till latest of 30th June 2018. And tgs has also agreed to a penalty of 1.5mn which is against asx-rules what they have quoted in the spa-details (below):

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6. Reimbursement
Fees upon
Termination

If the SPA is terminated as a result of:

• failure to obtain the Chinese regulatory approvals, Sinomine HK must pay
Tiger USD 5 million; or

• Tiger’s material default, Tiger will contribute up to USD 500,000 to Sinomine
HK’s costs, unless it is finally determined by ASX that it will not allow this
fee.

If the Transaction does not complete and Tiger’s board unanimously
recommends a superior proposal or Tiger’s shareholders vote in favour of a
superior proposal, Tiger will pay Sinomine HK the amount of USD 1,500,000, unless it is finally determined by ASX that it will not allow this fee.

7. Exclusivity

Tiger is subject to exclusivity provisions from signing of the SPA until the earlier
of termination of the SPA, Completion, or 30 June 2018.

During the Exclusivity Period, Tiger cannot solicit competing proposals or engage in any discussions with, or provide any information to, a third party in connection with a competing proposal.

The “no-talk” and “no due diligence” exceptions do not apply to the extent they
restrict Tiger from taking or refusing to take action with respect to a bona fide
competing transaction that Tiger’s Board has determined, in good faith and
acting reasonably after consultation with legal and financial advisors, such a
bona fide competing transaction could reasonably be considered to become a
superior proposal.
---------

So this mgmt/bod-saving-salary-SPA is more worse than a liquidation from an neutral administrator, where we the shareholders have some money left in the end.

Cobalt price has trippled and copper has increased 50% since 2016... and today we get an spa of the half sharecapitalvalue it was in 2016 before the suspension. What a crime to every investor!

And I have never heard about all the other subs they have also sold in that spa (excl. SEK)...!!!

I VOTE 'NO'!

AND MGMT COULD PAY THE 1,5MN PENALTY BY THEMSELF IF ANOTHER OPTION IS POSSIBLE BEFORE 30TH OF JUNE 2018!