blow 2

From copy of postcard in AGM announcement:

Zinifex says:
“Avebury: a new nickel region yet to
be fully explored.”
Zinifex Presentation, 17 December 2007
“…nickel is an attractive long-term growth
business and Allegiance’s Avebury project
is an excellent entry point for [Zinifex].”
Zinifex Quarterly Review, 24 January 2008
“Value enhancing for Zinifex shareholders.”
Zinifex Presentation, 17 December 2007
Fine for Zinifex shareholders
BUT NOT for you:
“The Zinifex Offer does not compensate
Shareholders for what Directors believe
to be the value of Allegiance.”
Allegiance Target’s Statement, 17 January 2008

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Sounds a good argument but no figures.
i. At $1 ZFX statements are presumably true. At $1.50 for eg they may change
ii. what do the directors believe to be the true value of Allegiance so shareholders?