In the Demerger Scheme booklet the Chairman states that should the demerger not go ahead then SIR's sp may well fall. Maybe he should note that SIR's sp rose on its own merit to almost $4 before dropping back to $3.78 after the merger announcement and since fallen a further $1 approx. on being connected to IGO which is also down over $2.50. I think the 'independent' evaluator should recalculate using current closing prices to give shareholders a clearer state of affairs.
IGO Price at posting:
$3.32 Sentiment: None Disclosure: Not Held
SIR Price at posting:
$2.72 Sentiment: Hold Disclosure: Held
