Carabella Res Ltd Nsw CBLLF

Break up fee

[DonDeanoMarco]

doesn't that mean if they break up the deal cobalt pays $50 million. This deal still stinks if we vote no. Bit of a lose lose. I hope management changes.

[lumpy13]

The break up fee - as per the company's press announcement - is $15m.  Still an abomination.

[gruntov1]

This is a 2 step process. 1. We vote down the merger proposal. 2. We vote out all existing borad of director tools. Yes, there will be a little pain in the short term. In the long term, when not if, the price of cobalt and nickel recovers, we will get multiples of the current share price. Remember why you bought this stock in the first place. Don't let the corrupt management and board of

[Detailoriented1]

I would be surprised if wither break fee is payable if shareholders vote down this transaction. The break fee is usually payable if a better offer comes through from another party. My read of the Anson letter is that they are looking for a higher price and then they would vote in favour. For me if they said 4.57 a share cash plus the new company or 5.57 and they keep the new company and spin it

[DonDeanoMarco]

I thought the management team was doing a decent job holding onto the cobalt and patiently picking up cobalt streams. I will definetly vote down this deal on principal alone. We are gambling on hope of a better management team. Fingers crossed anson has some white knights.