PGO 5.62% 8.4¢ pacgold limited

Ann: RECOMMENDED CASH OFFER BY HANKING FOR PRIMARY GOLD, page-131

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  1. 2,949 Posts.
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    To be fair:
    1. how the Board arrived at their fair valuation of our business at 0.0575 cps, and

    They haven't - an offer has been presented to them and they have recommended it contingent on an independent expert report finding it fair.

    2. what steps the Board took to secure an Independent valuation

    The announcement says that this will come.

    3. any assurances you would be prepared to give us that all key requirements of the Corporations Act were adhered to during the Board’s consideration of the offer

    An independent board committee was formed excluding Mark Qiu

    4. whether the final sign off on the toll treatment contract was withheld pending this takeover offer (which had the effect of continuing to suppress the share price)

    You would be a moron as a director to put anything in writing to that effect.

    5. whether the Board has any information on the aggressive selling from one of the Top 20 holders which similarly had the effect of suppressing the share price and thereby assisting those interests behind the takeover offer

    What evidence is there of aggressive selling by a top 20 holder? Even if they were selling, how is this illegal?

    Unfortunately, even if some things don't feel right there is nothing there that has been done outside of the rules.
 
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Last
8.4¢
Change
-0.005(5.62%)
Mkt cap ! $10.09M
Open High Low Value Volume
8.7¢ 8.8¢ 8.4¢ $41.07K 481.6K

Buyers (Bids)

No. Vol. Price($)
1 5056 8.4¢
 

Sellers (Offers)

Price($) Vol. No.
8.7¢ 131766 1
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