exco recommend revised sol takeover offer ..., page-32

That's exactly my thoughts.

You will only receive 19 cents, and if they will reach the 90%, you will then end up with the balance of the 26.5 cents. Not before!!

If they don't end up with 90% of the total shares on issue where they can then enforce compulsory acquisition, what is going to happen to your shares you have sold into?? Think about it.

Poor decision from our Management if you ask me. That is not looking after shareholders at all. And IMO that is what they are, and have been quite handsomely being paid for.

What has happened to the original statement from the company where our cash and the money owed to us by the SOL subsidiary alone was worth more than the total offer, let alone all of the remaining assets??
And what happen to all of the rest of the drilling results that were anticipating??

I am at a total loss here!!!!

But one thing is for sure for me. And that is, that, as far as I am concerned, I will not be selling any of my shares to SOL knowing that the only surety I have got, is to be getting paid 19 cents per shares, and then wait to see what will happen.

There are still many questions to be answered by the Board IMHO. "NOT JUST CAPITULATION" like they just showed!!!!!

Good luck all.