TAW tawana resources nl

Considerations against the merger, page-4

  1. 9,206 Posts.
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    In terms of that entire first block. They are 50/50 JV partners. Doesn't matter who is operating. So if we got paid more than 50% (49%) then it wouldn't be a merger of equals. We don't just suddenly earn more of the project because that is how you want it to be. How is this so hard for you to understand?

    As for demanding they get 51%. It could be as simple a fact as that I think the exact 50/50 valuation would be 1.115 AMAL shares per TAW share. That just looks untidy. 1.1 will end up in most people still have close to round number holdings.

    As others have pointed out there is no AMAL share holders and TAW holders going forward we will all be holders of the same company. Holders will vote for whats best for the new company going forward. The past is irrelevant. If something isn't good for us it likely isn't going to be good for previous AMAL holders either.

    We also have a board majority from current TAW directors.

    Why do you think heaps of companies dual list? It makes it easier to gain exposure to different jurisdictions etc. Why do you think giants like BHP are listed in London and on the ASX?

    I don't get the point of whinging about AMAL. TAW wouldn't own any of BH if they hadn't entered into the original agreement.

    You then complain AMAL don't do anything. Would you rather someone from their side of the fence be operating the project instead of MC?

    Voting against this deal won't help holders in any way in my opinion. The company is much more vulnerable as two parts where each set of holders don't give a shit about the other. Merger should never have taken this long and the synergies will be important. I bet if it had happened 6 months ago when AMAL was trading higher than TAW no-one would have even questioned it.
 
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