Renegotiate Spitfire and TrendTracker?What do you want to renegotiate a bad deal for ? What benefits do you see in the merger wanting to renegotiate?
The shares increase from 322 million to over 1 billion - the amount of earning does not increase that much. Goondicum mine earnings for the first three years will need to repay the Pala loan of US$ 21,000, 0000 ( US$15,000,000 plus interest at 14% annually) so will need the Urquhart money to stay afloat. We only stand to lose.
Any due diligence done? any take over merger does it, I have not seen any reference to that.
I see is akin to going to bed with a good looking woman and not checking if she has the clap - in this case - if you want it or not, we all will get it and lose our money in the end as we will get screwed.
The choices are - vote against this deal or get out and if you do not, then do not cry when it is too late and the shares are .001