with Arc at current prices and ratio of 1.175 Arc shares for every AZA share, it basically values Anzon at around 440mil...
If Arc can't generate results to add value to shareprice, then a Nexus proposal is likely to look very appealing to AZA shareholders.
Arc shareholders and the market, will not welcome an adjustment to the merger ratio that will further dilute Arc's register, and Palmer will get even more pissed off.
Nexus in the box seat now i'd imagine, with Crux3 results due in the next couple of weeks which is likely to be positive and push shareprice towards $2 imho.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held