EXU 0.00% 17.0¢ explaurum limited

"Not sure how this extended deadline will work with the ALK...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 69 Posts.
    lightbulb Created with Sketch. 25
    "Not sure how this extended deadline will work with the ALK placement"

    Nevermind got too excited and didn't finish reading the announcement:
    If the Alkane Transaction completes, Ramelius will not proceed with the offer and Explaurum shareholders will not be entitled to receive the consideration from Ramelius.

    Also, my point about EXU management not doing much seems pretty accurate given:
    "Ramelius has taken this step, in light of approaches received from Explaurum shareholders and has received written indications of support for this proposal from shareholders representing approximately 14.3% of Explaurum which when combined with acceptances already received under the Offer, totals 19.9% of Explaurum."

    When the shareholders achieve more for each other than management you've got to start asking questions...
 
watchlist Created with Sketch. Add EXU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.