Hi Bandicoot,
On paper BMO shareholders definitely gets the better deal, on a share basis it increase the highgrade gold resource per share and brings BMO holders back from being exploratory to being holders of a very near term producer.
So yeah the South Africans are in the deal mainly to get listed on our exchange.
Outside of the current worldwide sharemarket turmoil yes our market and Aussies have an excellent reputation as shareholders, the average Aussie owns shares and compulsory super helps our market be strong despite our small population, plus our strong reputation for supporting miners.
South Africans gain that support we gain great high grade, easy mineable resources win win.
What more Aussie speccie miners need to do is merge and we should see alot more of this.
BMO is now back from the brink and has a really excellent future, thanks to an outstanding management.
Cheers
Kelp.
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1 | 600000 | 0.003 |
1 | 1000000 | 0.002 |
Price($) | Vol. | No. |
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