IND 0.00% 17.5¢ industrial minerals ltd

Ann: Indus to proceed with New Era transaction, page-7

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  1. 6,805 Posts.
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    We can but hope. Yes it would be "nice" if shareholders had a sweetner for suffering this long and being put through the ringer for the last few years.
    No harm in hoping and no harm in dreaming of fairy tale endings.
    However, the harsh realities may make us cough and splutter when the figures come out.

    I supposed on the positive side of things we can take solace in the view that from an Indus viewpoint :
    • New Era is gaining a place on the sharemarket through the reverse takeover without the expense of setting up a company and going through all those hoops. Therefore Indus represents an important asset to New Era in that sense.
    • Indus does offer a number of shareholders who could be willing to take part in a capital raising (a captive audience if you like)
    If anyone can think of other pluses that IND brings to the reverse takeover please feel free to add to the list.

    Certainly we need to hope that IND shareholders come through this happy and satisfied that the deal is worth it and that there is future hope for the growth of the combined company whatever it is morphed into.
 
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