RRP 0.00% 8.5¢ realm resources limited

Another Anniversary, page-64

  1. 12 Posts.
    lightbulb Created with Sketch. 6
    Very interesting comments regarding the financing and possible scenarios, thanks to all.
    I may be way off the mark though I consider a possible scenario to alleviate any funding issues on T2's side may be a Share Buy-back by Realm.
    So say, the IE valuation inexplicably comes in around $1.50, T2 then have a decision to CA at $1.50 or higher. A CA at $1.50 will likely result in remaining shareholders objecting and then court proceedings. To avoid this T2, prior to releasing the IE valuation, could use Realm to arrange a share buy-back at a higher, and more acceptable level, say $2.00. Any acceptances of the buy-back will be paid from Realm's cash reserves. Such an arrangement may mop up a large portion of the remaining shareholders without court proceedings. Then, any SH who did not take up the buy-back would then be subject to CA (as they currently are).

    Not sure if buy-back is possible whilst current CA process is ongoing. Interested to hear if anyone knows.
 
watchlist Created with Sketch. Add RRP (ASX) to my watchlist

Currently unlisted public company.

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