confirmation on resolution 5, page-2

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    Subject to the resolution being passed I would then value the Ops at 3.4c today based on current 2.7c heads.

    Where the risk remains is whether or not Resolution 5 gets passed by s/holders?

    If it doesn't get passed then the true value of the ops would drop back to a 1c discount to the heads (& that could be a reasonably significant drop)
 
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