EGA 0.00% 52.0¢ egan street resources limited

Update 2/9/19: 13,404,056 ~10.3% While it is great that we have...

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    Update 2/9/19: 13,404,056 ~10.3%

    While it is great that we have got to more than 10% of the shareholding, we should be aware that SLR can waive the 90% condition at any stage. Based on the SLX side deal SLR's true minimum target appears to be 38%. With this shareholding they could control the EGA board and run EGA to the benefit of SLR and not the minority EGA shareholders. This requires only 20% more shareholders accept.

    Please keep sending the emails. There is plenty going on and this fight is far from over. While I have no in principle objection to a TO from SLR (there are lot of potential synergies), I don't think it should be done in a deal where SLR gets the gold mine and the EGA shareholders get the shaft.
 
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