K2P 0.00% 18.0¢ kore potash limited

ramifications of accepting the offer now, page-14

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    What if another company came in with the proposition of a placement of say 66.67 million shares at 75 cents to raise $50 million?

    If this was the case it would need to go to a shareholder meeting for approval.

    I know it seems unlikely given the present potash fundamentals, but it is possible whilst the largest non Dingyi shareholders have not accepted and given our $2.97 billion after tax NPV, I think such a proposition would be very attractive as it would get us through Bankable feasibility as well as further Dougou drilling, both massive value enhancers and Dingy know it.

    Now on page 61 of the Bidder's statement, 9.3 (6),(v) it states that even if the offer remains unconditional, by accepting the offer you give Dingyi power of attorney to vote at all ELM general meetings so I interpret that to mean they could block me from voting in favour of such a proposition above.
 
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