RE:The running Pre-Feasability study factorGood job sailor8. However, anything that happens with Minesa is basically irrelevant at this point in time. We all know that Minesa covets EOM property and without doubt has tried to acquire it. Consider if the Paramo is raised and Minesa really comes calling with a decent offer. Does that help us? Does it mean there is no no need for the arbitration? The answer is no, it does not matter so long as the terms of the CVR are in place. Tenor is guaranteed the lions share of the proceeds along with the other participants in the CVR whether there is arbitration or not. We get chump change, if anything!
So all this banter about consolidation and buyouts really does nothing for us retail shareholders. The Securities Commission unfortunately approved the CVR regime that the Concerned Shareholders are now vigorously trying to have voided by judge. As I understand it Tenor and the other participants have the same massive cut of the pie whether by arbitration or a buyout. They will own the company and the CVR determines any distribution. Anna always claimed the terms of the CVR are onerous, that is a true understatement.
There is no golden parachute for us. We need solidarity and focus to ensure we get to all shareholders to vote in favour of Ms Wolfe and team. Expect a barrage of roadblocks and legal maneuvering before this is over. Plus the CVR needs to be taken off the books as job one either by the CS or Ms Wolfe. We better all get with the program and stay focussed.