Post by
fbedard29 on Jun 22, 2022 4:39pm
pershimex presentation on the merger
Hi here is what i posted on Pershimex board.
Hi i am a large shareholder of Abcourt and now a small shareholder of Pershimex.
I have listened to the French and English version .
There wasn't much info to help convince Pershimex shareholders to vote yes to the merger.
Here are my thoughts on the merger.
!st It is true that Pershimex needs funding to stay alive.
The funding could be by flow throu shares at 5c like Mr Gagnon mentionned and that would mean that i would be very agressive in buying in the flow throu and the next time a merger is proposed it would be easy to get 66% vote accepted...
That would further dilute the co .
2nd With no funding why would Mr Robert Gagnon continue to work for free for Pershimex.
The result would be that Mr Gagnon would be hired to work for Abcourt and probably get the
salary that Mr Hinse was getting.
3rd the result would be that Pershimex would be sold for +- $5m and no real value would be added
to shareholders.
.
4th Abcourt has a mill, .a producing mine(Elder will be closed temporaly) and one close to production Sleeping Giant that has all the permits and very close to production.
5 th Abcourt has a past zinc,silver mine ready to produce and 60% of the mill already in place.
If a was realy just a Pershimex shareholder i would immediately vote yes to the merger specially
after getting a 27% premium.
Now has an ABCOURT shareholder with so little info i would be inclined to vote no if i had an option to vote but i don't.
But for now the option is in Pershimex hand and if the merger is refused i would be happy because
Abcourt could buy Pershimex for less and no dilution in the near future.
Fernand