Ann: Hanking Australia - Commencement of Dispatch, page-8

If Hanking acquire 90% or more of the company they will complete a compulsory acquisition of your shares, at what price I don’t know but it would be below or at the offer price listed in the takeover. Hanking will easily achieve 50%, you would have to be mad to hang on after the offer period since based on passed performance PGO is going nowhere.

As for what happens if Hanking get more than 50% but less than 90% I’m not sure what would happen other than PGO carries on business as usual, which means the share price goes nowhere.

Hanking do see value in PGO and it’s clearly there it just won’t shine until PGO is divested into Hanking Holdings.

Macphersons shareholding is a done deal, since they need the capital to progess their high grade Bora project.

Time to take off the rose coloured glasses as it’s clear PGO shareholder value is going nowhere as a result of the takeover.