HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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From the post: Bottomline is that both Wyloo or BHP need 50% of the shares they do not control to vote in their favour to get this deal done.

Is that correct - Wyloo needs 50% too?

I previously thought Wyloo needed just 13% to get control. If they need 50% of what they don't already control, do they need 31.5% of the total (63/2,) or 26.5% of the total ((63 - 10% BOD)/2). Either way it changes the dynamic a bit.

it suggests us lowly retail shareholders have more sway than I thought.

Hobbit

 

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