WilliamWilliam It is the dot point below that allows DV to buy...

William
William

It is the dot point below that allows DV to buy at 0.1c

"Such discount is capable of ammendment or alteration between Panax and Deer Valley, acting reasonably, and having regards to prevailing market conditions"

Panax will be in no position to insist on 18.5% unless the SP increases markedly and I can't see that happening before EGM.

If PPA comes through I may consider the proposition but I would want to see a SP of >1c, if funding comes through well they won't need the facility and as Panax are asking to extend another 15% tends to make me think management don't believe they will have funding by then.

We then return to the position where SP will be where it is now and DV will only pay 0.1c per share as Panax have no bargaining power.

Some may think giving away anotther 15% for around $100K is a good deal, I don't, that amount of money would keep us solvent for only an extra couple of weeks.

William I am surprised you are not voting, as management will vote your shares for the proposition. I also think if one doesn't vote one is not in a position to complain about the outcome.

I have arranged to talk to KP when he returns from leave on the 14th January and based on what he tells me I will decide my position but I need more than "soon" to vote in favour.