A40 0.00% 8.2¢ alliance mineral assets limited

Ann: Extension of Voluntary Suspension, page-11

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  1. 195 Posts.
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    Could Burwill's "right of first refusal" be contributing to the delays?


    Since TH at pre-open on 21/12, we have missed 8 trading days. This will become 13 days if the full suspension extension is used. Hopefully we won't need that much time.


    If the current negotiations were just 2 parties (A40 and Burwill), it should have been plenty of time already, given past dealings with Burwill were concluded swiftly during TH.


    Therefore, my thoughts are there are at least 3 parties involved.


    I think the most likely (and positive) outcome is a similar update as AJM recently announced last month.

 
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