Not sure why they bothered to put out this update. Amazing really that there was not even any adjustment to the top up mechanism and IMHO this only amplifies the ERM influence with the so called "Independent" EGO board.
Do they seriously think the tenement valuation was the main potential mitigating factor preventing shareholder approval for their proposal? They should not be surprised when their proposal is voted down with the top up mechanism included.
OK. Lets see the results of the KPMG report (likely a rubber stamp).
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