Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

18.5¢ avz minerals limited

CATL makes its entry via Lithium Plus Pty Ltd?, page-122

First 122 Last

Share
Profile

Follow
8horse

26,847 Posts.

1841

02/03/19

15:18

Post #: 37630827
Share

Originally posted by Obe wan ↑

Nope; if a formal offer comes below independents valuation and unanimously considered by the BOD not to be in the best interests of shareholders then it does not need to be announced to the market.

If all low ball , sub Independent offers which weren’t considered beneficial to shareholders were required by the asx to be announced to the market there would probably be a formal offer announcement released to the market every week.

Anyway ; apparently an offer was bounced in around the 16-18c mark sometime ago...apparently around mid Oct 2017 the time when AVZ tore from 12c to 27c within a matter of days; apparently by time it hit the desk, the offer was lagging the SP by about 50%

IMO independents valuation is/was probably around that offer mark. Anyway I suspect that they will be thinking that they may have a second chance.

anyway just pub banter

Expand

Is that same to No MORE CR?

ASX listing rules 3.1:

"giving or receiving a notice of intention to make a takeover."

You have to disclose to the market!

AVZ Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 199 more messages in this thread...

First 122 Last

Add AVZ (ASX) to my watchlist