If cf is serious of launching a counter bid then the only plausible path forward for all parties would be as per below.
1. Go ahead with 70m placement at $0.25 share in two tranches
2. Tranche 1 20m rights issues under 15% capacity. This way all shareholders including cf can keep there relative interest and importantly provides near term funding
3. Tranche 2 50m will be subject to shareholder approval. Which could take 3-4 weeks
4. In between allow cf to do dd. Should they want to rebid then shareholders have the option if voting for the revised bid vs the additional funding
This way funding is shored up and shareholders can choose which path forward
- Forums
- ASX - By Stock
- DML
- no bid recieved
no bid recieved, page-15
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online