As dargie said: . "When someone is tendering to buy up the assets, that's not a takeover offer".
Which is my read on what the ASX releases have said.
No doubt T/O offers may be waiting in the wings too, as the company reported, but their stated present course of action is to consider the best options for a continuance of the company and the long term betterment of shareholders. Thus the appointment of external advisers.
Given time, say a month or so for the external assessors conclusions, then shareholders will be presented with a range of options. Until then forget it
AEJ Price at posting:
6.2¢ Sentiment: None Disclosure: Held
