Re: The poison pill

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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Re: The poison pill

in response to

The poison pill

Hobbit

posted on Sep 18, 2021 11:51AM

The poisin pill defence is designed to thwart a hostile shareholder trying to takeover the company without the BOD's approval. At a set threshold they can issue new shares to certain buyers at a large discount to anyone but the hostile shareholder.