Hi gbgirl, I want to see the mine as well but it is often the...

Hi gbgirl,

I want to see the mine as well but it is often the case if expert reports opine that the deal is fair and reasonable the directors are put in a difficult position as they are duty bound to recommend acceptance. They could even potentially become subject to legal liabilities if they recommend a no vote and the company blocks the take over and then subsequently fails. I suppose you could end up in a situation where the directors recommend acceptance but tell shareholders that they won’t vote their private shareholdings in favour of the deal. That might be a case when a retail block becomes important. In some circumstances directors will recommend an offer even when the expert opinion comes in with an unfair but reasonable conclusion. In this case I’d expect that management, having skin in the game, would come out with a no vote recommendation. As mentioned previously it is difficult for experts to ascribe value to the blue-sky of resource extensions that haven’t happened yet or exploration potential. You and I might believe they will be highly likely but an expert can’t make those sorts of extrapolations without firm indicative evidence and even so that evidence can only amount to so much in terms of value without confirmation through resource drilling.

If we can’t be a force to help bring this to a mine, maybe at least we can make sure that any sweetener offered is a good one. I’ve got you on the list. Esh

@eshmun
@zongo1
@Captain Blood
@Mossberg
@Cloud2000
@TheFriar
@bastowmichael
@Bik
@gbgirl