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: Important
Reply New Message
Prev Message Back To Forum Threaded View Next Message

I think we shouldn´t get carried away with this SRP issue.

As Kerry pointed out, a SRP DOES NOT prevent a company to be taken over at a "low share price".

And the shareholders are NOT protected in a better way through a SRP.

The critical point of every SRP is the "permitted bid".

Because if the BoD classifies a takeover offer as a "permitted bid" (see FWR), than the SRP will not be triggered.

And even if the SRP is triggered, we would all need cash immediately to invest in the followed heavy dilution of the company.

Conclusion: a SRP is NOT the holy grail for prevention of a takeover !

FANTOMAS

22 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply