it's probably a big if, but if shareholders deny this acquisition, what recourse does shenghe have or for that matter the tanz govt
imagine the legal ramifications of a govt wanting to oust one party to give a tenement to the other party 'cos they don't like the shareholder's legal choice, not to mention how the world would view them in regard to investment
on the other hand, shenghe could come to the party with a decent fkn offer instead of peanuts and treating us like monkeys - given how many billions they will make from the project, this will be a drop in the bucket
don't know about you but this comes across as veiled extortion from the govt
"Risk-weighted value for Peak shareholders Risk of obtaining necessary regulatory approvals expected to be reduced, with the potential for shareholders to realise an attractive price today and avoid potential development risks"
PEK Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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