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

AQO

Click for more information

0.00%

27.5¢ ambassador oil and gas limited

Hi invertedva I have been trying to understand the situation...

First 15 Last

Share
Profile

Follow
RNI

511 Posts.

01/07/14

19:53

Post #: 13596928
Share

Originally posted by invertedva ↑

Hi again RNI,

I suspect that the Smorgon's block of stock was acquired by Eye Fund and passed onto DLS. People holding AQO will remember that a large chunk of stock was being used to cap the price for many months, then out of the blue, that stock was bought by Eye Fund at well above the going rate. I am sure whoever owned that stock felt very hard done by...and annoyed with AQO management.

I think this explains why the submission to the takeovers panel talks about DLS having pre-arranged agreement with Eye fund and the other major sharesholders.

p.s. I would expect a move on NSE eventually by Magnum. Its the only way they can get the other 52.5% of PEL 570. If they can acquire both AQO and NSE they can extinguish the $42.5 million agreement between both companies.

Expand

Hi invertedva

I have been trying to understand the situation regarding the Eye Fund. Is that associated with the Smorgon family? When did they become holders (the Eye Fund) and how much do they hold? Was it fairly recent? Thanks in advance. Anyone !

AQO Price at posting: 36.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 8 more messages in this thread...

First 15 Last

Add AQO (ASX) to my watchlist

Fatal error: Uncaught ErrorException: session_write_close(): Failed to write session data using user defined save handler. (session.save_path: ) in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php:236 Stack trace: #0 [internal function]: Application\Service\AppManager::handlePhpError(2, 'session_write_c...', '/data/vhosts/te...', 236, Array) #1 /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php(236): session_write_close() #2 [internal function]: Zend\Session\SessionManager->writeClose() #3 {main} thrown in /data/vhosts/test/hotcopper-git/upload/darkhorse/vendor/zendframework/zend-session/src/SessionManager.php on line 236