HGO 1.75% 5.8¢ hillgrove resources limited

Expert Valuation for EGM, page-2

  1. 147 Posts.
    lightbulb Created with Sketch. 12
    Yeah, not fair under the strict ASIC definitions, but to me this:

    namely, that all shareholders had the chance to take up their notes back in November/December last year on the same terms makes it seem fair to me, notwithstanding that strategically, non-associated shareholders looking to increase a shareholding could be strategic to vote against conversion and pick up shares on-marker when Ariadne is then forced to dump.

    The valuation of 15 cents on conservation estimates is very encouraging.
 
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