i disagreemy view is the transaction is very poorworse, it...

i disagree

my view is the transaction is very poor

worse, it castes serious doubts upon the integrity of the company, given William is the vendor

offering 42m shares (20% of the current company) for a performance milestone of 300mt of 38% itabirite is pathetic

WGO is targeting 1 to 2 billion tonnes of DSO 65% iron ore

yet it is offering 20% of the company for 300mt of 38% itabirite or 150mt of DSO equivalent

in other words, offering 20% of the company for an addition 10% in resource base

its a bad deal, imo

the performance milestone is way too poor and the 14m shares to excessive

WGO and William need to be more transparent, imo

regards