AUL 0.00% 28.5¢ austar gold limited

Leverage to the next Pogo Deposit? AUL -> WRM, page-27

  1. 993 Posts.
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    Paul McNally owns 12% of the SOI that he will use to express his vote for or against the merger. I believe that due to the following points he will vote in favour of the merger.

    The fact he will retain his seat on the merged AUL/WRM board, the fact has specifically recommended AUL shareholders vote in favour as the following passage states:

    https://hotcopper.com.au/data/attachments/2976/2976697-73867f995d5b06b04f44b95ce35419bf.jpg

    And the fact of the sentiment shown within the acquisition announcement within the following commentary:

    https://hotcopper.com.au/data/attachments/2976/2976700-37ec3c33901664001eab22886af8406d.jpg

    From that, I conclude 12% of the SOI is in favour.

    Add Crescat Capitals (4.7% ownership) advisor Quinton Hennigh loving the deal with the following passage:

    "Fantastic move, brilliant move, fully endorse it, that gives them something they can work on year round" and:
    https://hotcopper.com.au/data/attachments/2976/2976717-c3d6e2480ca74ffe001dd513c1558aef.jpg

    As Crescat Capital have 4.7%, alongside Paul McNallys 12%, thats ~17% of the AUL SOI voting in favour.

    My question is, have you talked with other major shareholders of AUL? What their sentiment is? As they do own 53.56% of the SOI, they possess strong pull in this debate.

    Having made the bet myself, I will say that I have conducted the due diligence and am happy with the major shareholder sentiment, which causes me slight confusion with where the rug is being pulled as you warn.

    If you have evidence that can save me my capital, Im all ears.



 
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