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

RAW

Click for more information

0.00%

0.8¢ rawson oil and gas ltd

Or maybe they do see some value in Lakes OIL Towie

First 23 Last

Share
Profile

Follow
towie

30,381 Posts.

122

04/08/18

14:03

Post #: 34721030
Share

Originally posted by gosouth ↑

I think the 51% is not a reference to how much ownership LKO want. It is a reference to the minimum acceptances required for the take-over to proceed. I am assuming LKO woild prefer 90% so they can go to compulsory acquistion.
But with 51% they can at least control Rawson.

I am sure LKO are extremely happy with the terms of the takeover. My beef is with the directors of RAW for accepting such a low ball bid. They could have put the bid to RAW shareholders without necessarily accepting it in advance.

Also I think they should have done a placement and SPP instead of taking a ridiculous loan at 10% interest rate.

Gosouth

Expand

Or maybe they do see some value in Lakes OIL Towie

RAW Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
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

ACW

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

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

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

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 • 27 more messages in this thread...

First 23 Last

Add RAW (ASX) to my watchlist

SPONSORED BY