HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Annual Meeting .....a friendly reminder to mark it on the calendar.

In realistic terms, I suppose, if the take-over company acquires 90% of the shares, the remaining l0% must surrender theirs at the takeover price. However, the legal status is that the holders of the last l0% do have the right to proceed to a court hearing to establish a fair price.

Since 90% have accepted, it would be extremely difficult to get a judge to agree to a higher price, but the legal path to doing this is available. You might consider this the "faint hope" route to a higher price.

Share
New Message
Please login to post a reply