I have yet to sit down and really go through the reports and...

I have yet to sit down and really go through the reports and there does not seem too much analysis out there yet - Money of Mines tonight gave an open invitation for professional analysts to go on the show and discuss the merits or otherwise of the deal.

But my starting point is that I will be voting "no" to the merger if for no other reason than I have no trust in Pall Graves and believe he fully intends to screw over Allkem shareholders.

Just on the 50% rule: here is the spread of ownership of AKE shares, from the FY23 Annual Report:



And here are some words from a guide put out by Freehills, which is a big law firm in Oz:


FWIW I don't think the court would agree to dispense with the 50% rule merely because retail shareholders will vote the deal down (when clearly the very purpose of the rule is to protect retail investors from being rogered by the big end of town).

So 134 institutions hold over 80% of AKE issued shares but comprise far less than 1% of shareholders. I would hope that all of those institutions vote on 19 December and that a sufficient number of them vote down the deal on the 75% rule. As back up, if we can mobilise even a fraction of the 46,000 or so retail holders to vote and vote "no" then we can scupper this blatant attempt to steal Allkem's assets and future by an underperforming, conniving corporate pirate.