Post by
thorgb1 on Jun 02, 2016 10:03pm
A new option emerges.....
Just found this, still going through it, but it looks like some major shareholders are trying to vote down the deal and go it alone. Some compelling arguments.....read it here:
www.abetterdealforreservoir.com
Wow, things are getting interesting much quicker then I thought they might.
Comment by
rob926 on Jun 03, 2016 10:13am
I asked my Sprott broker who holds my original Canadian shares on what they are recommending to their clients. I just heard this morning that he is recommending to vote for the deal.
Comment by
Meester954 on Jun 03, 2016 11:11am
Rob-All the financial houses will recommend voting for the deal. To do anything else would jeopardize their banking/financing business going forward with these entities. They recommend what is in their self-interest, just like in the US.
Comment by
rob926 on Jun 05, 2016 11:10am
After asking around it appears that some of our investers might own large blocks of Nevsun shares and in some cases more shares than Reservoir. This would make it hard for them to vote no since a combined company would be worth more to them.