I have come to terms (reluctantly) with 1.15 ADN for 1 MEP...

I have come to terms (reluctantly) with 1.15 ADN for 1 MEP offer.

I cannot accept the dilution that will occur to MEP shareholder's copper assets on listing of DeMtallica. Currently MEP shareholders have 100% of copper assets. This will dilute to 30% based on a 1 in 20 offer and say 85M SOI. The other 70% will be IPOed to raise $12M.

No indication of priority offer to existing shareholders either.

If MEP BOD think they can raise $12M just on copper assets how much could they raise on MEP with copper and GW/NNT etc. It's something that should have been considered as dilution overall would probably been less for MEP shareholders.

Just my opinion and DYOR