IRC 8.00% 13.5¢ intermin resources limited

Ann: Merger Implementation Agreement, page-5

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  1. 6,287 Posts.
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    Yes overall looks a fair deal for both parties,, and looks like the got the merged mgmt pretty much right with JP keeping the MD role and a couple of the key MRP guys joining the team, pretty darn impressive mgmt really that should be able to deliver good results from the funds on hand.

    Only wish the merger was going to move at a faster pace mid-2019 seems some time off  till then but I guess there must be plenty of work to get through..

    The new company -Horizon Minerals (not sure about the name ) should have around 430mill shares so still pretty low scrip

    SP- 20c will see a market cap $86mill etc

    Looking around ownership of the mergered Horizon -

    MR will still be #1 but least 3 spots will be major MRP holders like-

    #2- http://www.orionresourcepartners.com/

    #3-Ashok Aaron Parekh (new board member)

    #4-Ray wright - 50yr+ WA mining experience


    Sadly ST78 will go well down the list
 
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