Great news but....
One of the major concerns I had with the proposed merger were the premiums applied to MLM shareholders which were based on VWAPS ranging from $0.032 to $0.039.
The 7/2/2017 Investor Presentation told us that "Heads of Agreement in place for for access and transhipping services". There was no confirmation of fact but the share price rose to $0.08. Even taking into account an expanded SH base I would like to know how well the merger stands up financially with today's news.
Perhaps someone with some background in bauxite mining can hazard a guess as to what MLM shares will be worth when mining starts next year and how the proposed merger then stacks up?
Ann: Haul Road Access Agreement, page-10
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