I just sent mgmt a few questions, we'll see if they answer:
Will an Independent Expert’s Report be commissioned to determine if the offer is fair and reasonable?
Why are you agreeing to sell the Zara project for the equivalent of $175/reserve oz, when trading and transaction multiples for peers are well above $200/ reserve oz?
Where is the rationale for triggering a tax event by selling the asset? Wouldn’t shareholders be much better off if a takeover offer was made for the listed entity so we can deal with our own tax implications?
Do you expect investors to provide a reasonable base for the share price if you create a cash box listed entity? If the offer goes through, have you considered giving back most of the cash and then come call on us when you have found the next investment?
I understand markets are difficult and decisions need to be made, but selling a high quality project at a deep discount to trade into another asset down the track is not how I want my investment managed.
Thank you from a concerned shareholder,
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Last
$1.34 |
Change
-0.050(3.60%) |
Mkt cap ! $571.8M |
Open | High | Low | Value | Volume |
$1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18387 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 3757 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 386752 | 0.145 |
6 | 299000 | 0.140 |
8 | 191611 | 0.135 |
6 | 319853 | 0.130 |
5 | 292000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 40000 | 2 |
0.155 | 367180 | 1 |
0.160 | 460998 | 10 |
0.165 | 353140 | 7 |
0.170 | 248919 | 2 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
CHN (ASX) Chart |