Hi @Maigret1, Here’s a chance to exercise your sleuthing...

Hi @Maigret1,

Here’s a chance to exercise your sleuthing powers. Read this DG ( Announcement ).

You will then agree

that Barrick's case was thrown out as being unworthy of a judgement.

that both parties paid their own legal costs.

that the disputed amount ($120m) was Barrick's fiction, merely a gambit claim.

If it related to only part of DG then Barrick could buy the whole of DG for a fraction of the cost and time,

and immediately have their way with Red Lake . . . right ?

The evidence is that Red lake is just not worth Barrick's spare change. Mystery solved !

Another fiction is that "DIXIE GOLD INC. ANNOUNCES FRIENDLY-TAKEOVER BY OMNIA METALS GROUP LTD."

Yes, I'm sure that they’re friendly. But unless OM1 issues dilutionary shares, DG will be taking over OM1.

Using the figures of @Trade4Profit88 ( post )

1			Shares		Current OM1 Ownership %	Final OM1 Ownership %
2		Existing OM1 SH	56,525,611		100	17
3		Issued to DG	166,666,667			50
4		Sub-total	223,192,278
5		Additional Issue to restrict DG to 50%	110,141,056	333333334		33
6		Final Total	333,333,334
7

In order that OM1 maintains just 50% of the non-DG shares then 111m new Shares must be issued by OM1.

Existing SH will then be diluted by 100/17 (~6 times).

Just to keep them whole the revised MC would have to be 4m x 6 = AUD24m. Do you see that happening on issue ?

IMO OM1 should simply forget about DG, and stick to their drilling . . . Li at LdM.

GLTAH