TSXV:AAA.P - Post by User
Comment by
edxon Mar 11, 2014 1:56pm
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Post# 22308972
RE:RE:How am I supposed to vote at the meeting?
RE:RE:How am I supposed to vote at the meeting?Fertiman wrote: As per the PDAC presentation Liberty and IFC are pleased with the ICL deal.... I'm not sure how much our vote will matter... On addition the offtake was supposed to be in line with normal industry offtake arrangements. For Farhad o make s deal with terrible discounts I would be very surprised... Also he did mention a sliding scale discount which tells me the discount would be minimal if any at these levels. My opinion... Do your DD and decide on your own as this is a big decision coming up... which is why we see so many bashers here...
Well you are right about one thing - our vote doesn't really matter. I haven't done the math on shares but between management, LMM, IFC and the shares that ICL received in the first tranche I think it's basically a given the vote will pass. That might be why ICL was given the first tranche without any shareholder vote - to guarantee pass in case the majority of other shareholders decided they didn't like the deal. Not really surprising to be honest - we are small players in the grand scheme of things. The only factor I care about at this point is how the remaining debit and equity financing will be handled.