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

AVB

Click for more information

0.00%

16.5¢ avanco resources limited

Ann: OZL: Notice of Change of Interests of Sub Holder and IAF, page-8

First 8 Last

Share
Profile

Follow
megabills

165 Posts.

14/06/18

11:46

Post #: 33705595
Share

Originally posted by BPAA ↑

From a selfish point of view, I now want this to get to 90%

My understanding is this

The compulsory acquisition has to be paid out in cash only, no OZL shares that continue to fall which continue to devalue the offer and when those shares are received by those accepting the T/O I would think many would sell out.

An independent valuation should see a minimum of 17 cents which is around what the offer is worth now but could see one higher. (although given what we have gone through nothing would surprise me)

I would be interested to know the process of the independent valuation and how theyre selected if anyone can shine a light on this.

Expand

as i understand it Sect 667A of Corporations Act "be preparedby a person nominated by ASIC under section 667AA"

AVB Price at posting: 17.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

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

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

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

WC8

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

ACW

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

There are more pages in this discussion • 11 more messages in this thread...

First 8 Last

Add AVB (ASX) to my watchlist