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52.0¢ egan street resources limited

but isn't the lion shares part of the 30% or so in the previous...

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Mozzy

740 Posts.

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23/09/19

20:29

Post #: 40534335
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Originally posted by Davisite: ↑

The deal with Lion is conditional on SLR getting 38%. The whole TO is conditional on SLR getting 90% so in theory they could pull the plug and return the shares. I would think this is unlikely as any EGA shares they can pick up for 0.27 of a SLR share has got to be a great investment.

Zero EGA shareholders I have spoken to are happy with this offer.

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but isn't the lion shares part of the 30% or so in the previous notice?

How could they actually return the shares? Are the SLR shares received so far under this offer in escrow?

EGA Price at posting: 28.5¢ Sentiment: Hold Disclosure: Held
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