Post by
lonade on Jul 09, 2015 6:54am
Activities of the upcoming months
Ultimately the merger will take place, if we like it or not. Hopefully at a few cents more, after the ruling of the judge.
What concerns me more, are they now proceeding with the completion of the financing, completing the design and start of construction. Or will Almonty management hold back all activities until September, upon completion of the merger. It would have helped in convincing the WOF shareholders to vote for the merger, if they would have added the reassurance that the closing of the financing will follow shortly and construction is expected to start within x months.
Till now it seems Black was busy working only for his interests and that of his Almonty partners. The news release and monthly report convey this message. I would gave expected a short comment in the NR mentioning the plans for the upcoming months. If he wanted to be better than his predecessors, this was his first chance at which he failed.
Till now he has not acted in any way differently from the previous managements we've had the honours of dealing with!
Lets hope they will be gracefull enough to let us know what they are actually doing shortly (even if it is in their own interest)
Good Luck to us all! We need a lot of it.....
Comment by
chrisp6712 on Jul 10, 2015 6:41am
https://www.canadianmandalaw.com/ma-activity-canada/minority-shareholder-protections-under-mi-61-101/