Carabella Res Ltd Nsw CBLLF

RE:RE:RE:NEW OFFER IN ................

[SilverKnight]

Good call lumpy. Now Anson is saying they will vote for the transaction. https://www.globenewswire.com/news-release/2019/10/02/1924252/0/en/Anson-Funds-Supports-the-Improvements-to-the-Cobalt-27-Pala-Transaction.html I won't be changing my vote. This deal still hugely undervalues the company, especially given the recent rise in cobalt prices. I can't understand Anson's change of tune and don't find their latest NR convincing at all. They held out for this measly increase to the offer? Pathetic. Meanwhile they are still telling us Nickel 28 is worth $1.92 a share, while the market as I write is valuing it at just $0.20. It makes absolutely no sense to spin off the minority interest in Ramu into a separate company, which could lead to a cash call they can not fund. And we are supposed to be happy they reduced the cash component of the change of control provisions? And instead they get a large chunk of the new company for free? I see how this works. These guys will never be able to raise a dime in the capital markets ever again. I really hope this deal fails and we can get some legitimate managers of our assets.