I believe the revised proposal by Toho Zinc will be recommended to shareholders. It should also provide a short term kick to the share price as it reduces liquidity of CBH shares on the market. I also suspect there will be a capital raising coming in the near to medium term for CBH to raise funds for developing Rasp. I don't think they will go for an all-debt option to fund Rasp as that would make gearing high.
Ann: Alternative Proposal from Toho Zinc , page-5
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