Post by
neosceptic on Oct 04, 2022 10:57am
Detailed Plan on LPI website
Excellent, extended plan with independent assessement by BDO.
Important dates for us is "October" - BRZ s/h and directors approval
October 28, Emergency General Meeting date, I assume global approval of the transaction.
November - completion of the merger by all parties.
Great work by Lpi, it is 164 page document, plus referral to other ones.
Merger between public companies is a huge work. Never mind three way merge, that include private and public companies, all in different jurisdictions. Their working papers, probably in tens of thousands pages. Assistance to BDO alone must of demanded weeks of overtime work.
I was sure, that there will be a delay, at least till January or February, but no.
My confidence in LPI management, just shot up. Will see if they manage to follow up and complete it all in November. That would be great. Normally, such transactions last between one and three years....
I will still think that there will be a delay, my expectation is December, but it look like Maricunga will be in good hands.
Comment by
neosceptic on Oct 17, 2022 2:30pm
New date: November 14, LPI meeting. Relate to electing directors; I am sure of newly merged company. Finances. Possibly strategy.