Hi Towie I guess LKO are like the mint who just print as many...

Hi Towie

I guess LKO are like the mint who just print as many dollar bills as they want by issuing more shares. LKO has no cashflow and has issued zillions of shares to stay alive. Big cashed up shareholders dont really help the company coffers.

Personally I don’t see any synergy benefits for RAW in the deal. The board has just folded their cards as life as a small junior is too hard.

The deal for RAW holders is junk.
And the market sees it - the share price is DOWN on the takeover bid.
Where is the control premium?
I have been around long enough to know when the shareholders are being shafted.

Cheers
Gosouth