where to now and what values to expect?, page-9

Completion of the transaction is subject to various conditions precedent, including the following material conditions:
(a) the shareholders of the Company approving the transaction. A notice of meeting will be sent to shareholders in due course which will contain an Independent Experts Report which will report on the fairness and reasonableness of the transaction;
(b) the Company and SPM completing due diligence investigations to their satisfaction;
(c) security holders releasing the various assets the subject of the transaction from their security; and
(d) the parties agreeing a toll treatment agreement and a management agreement.

The market does not approve of the deal in its current form

DYOR