Yes, and that number assumes 100% of the minority class vote. The reality is well less than 100% will participate, so the number of NO votes required will be less than the 12.4M you have stated. Best to plan for the worst case scenario though.
I am not going to get into it on here as John Pagani follows this forum. Though I maintain a respectful relationship with John, at this junction the less he knows about what I am doing behind the scenes, the better.
But I have every reason to be cautiously optimistic right now.
Sounds good mistaTea - I don't have your insights and don't know what you're planning, but just looking at the numbers, it does look quite promising.
I no longer hold that many, but rest assured the ones I still do hold will be voted against...!
Sounds good mistaTea - I don't have your insights and don't know what you're planning, but just looking at the numbers, it does look quite promising.
no longer hold that many, but rest assured the ones I still do hold will be voted against...!
Their derisory and misleading scheme will fail by a big margin
This must be borderline criminal. I hope the directors remember what happened with the Mainzeal directors.
They must be more confident of succes at Ironbark than 5%. And to think shareholders are not aware of the risks is insulting.
This must be borderline criminal. I hope the directors remember what happened with the Mainzeal directors.
They must be more confident of succes at Ironbark than 5%. And to think shareholders are not aware of the risks is insulting.
Agree that the independent directors recommending the takeover must know how flawed and misleading the report is .
They have a duty to all shareholders .
BP would not do an expensive deep water exploration drill if the chance of success was only one in twenty.They have a track record of greater than 1 in 2 success.Would NZO do this if the chance of success was only one in twenty so clearly they must know this report is very wrong
I had a quick read but to say the offer falls within the range is misleading - I would say 6c lies between 5c and 10c but I would say 5c does not so their logic that 62c lies between is insulting.
Small time holder here with circa 14000 shares. Definitely voting NO. I want in on ironbark and it is the main reason I hold. Can't trust our BOD after all of this. Insulting alright. Shame on them.
If it becomes widely known they are the go-to people when you are shopping for a report which sees things your way they will be reduced to writing whitewash reports on ethical failures by cabinet ministers.
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