ann was made Feb 12, yesterday, which is why BGF is now trading on a par with LHG. clearly BGF holders will be issued with new scrip and as is customary some will not want to hold LHG and will sell. There is no actual change in the value of LHG post merger.
please read;
ASX and Media release: 12 February 2007 Ballarat Goldfields Shareholders Vote in Favour of Proposed Scheme of Arrangement The following information regarding the result of the resolutions considered at the Ballarat Goldfields
The shareholders of Ballarat Goldfields NL today voted in favour of a resolution proposing agreement to the Scheme of Arrangement with its shareholders (excluding Lihir Australian Holdings Pty Ltd) for the merger of Ballarat Goldfields NL with Lihir Gold Limited. Accordingly, Ballarat Goldfields NL will seek the approval of the Supreme Court of Victoria for the Scheme at a Court hearing on 23 February 2007.
LHG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
