RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nevsun Dismisses Baseless CriticismsBest post you've made since you showed up on this board. Well thought out and reasonable, and not just a rehashing of the NSU rebuttal PR's. Fair enough that you have your opinion, but there is another side to each of the arguments you have laid out in your post, and some disagree with your asessment that there are more risks with a no vote, as Adrian Day, longtime ~5% shareholder of RMC suggested.
thorgb1 wrote: Issue No. 621, 1 page 8th June 2016
VOTE AGAINST RESERVOIR/NEVSUN MERGER After a good deal of consideration following multiple conversations with analysts, brokers, and shareholders, I am recommending voting against the Nevsun offer for Reservoir Minerals, as presently constituted. This decision is based on the fact that, in my opinion, the offer significantly undervalued the company and its assets. Note that if the current Nevsun offer is rejected by shareholders, it does not necessarily mean that any particular alternative offer (for example, the offer per the term sheet from Xiangguang the Chinese smelter) must be accepted. Nevsun could increase its offer; another company could make a bid for Reservoir; or the company could raise the funds to repay the Nevsun loan in many ways. It would however open the door to these alternatives. Given the quality of the asset, as well as the multiple offers of some kind of financing that the company received, the risk to a rejection of this Nevsun offer seems low. The upside is meaningful, however.