Do I have any choice ?I said earlier that I have 700,000 Axe. On that total, I bought 500,000 shares at an average cost of 0.104 cents, which means 1.66$ after consolidation just to recover my initial investment.
Scenario #1 : the deal is not approved on November, 23th. Will I get my money back as Axe as a junior mining company with no valuable mining properties in his portfolio ? The answer is NO without any doubt.
Scenario #2 : the deal is approved and, without any consideration of the rights issue and my participation in the private placement, I will receive 31,250 shares of Terranueva. Will I get my money back, I mean will Terranueva's share will eventually reach 1.66$ ?
My answer IS NOT YES, but much more probable than with the first scenario.
With no mining tangible assets in Axe before the deal and with the severance payment due to David McDonald if we get rid of him, the decision is clear : I will vote YES to become a Terranueva's shareholder because that company will be a great financial success.