No takeover. It's not possible.
The $US80m payments are accelerated upon change of control in the company (50% share/dilution etc.).
Two options:-
1. sit and wait until QLD floods again and met coal hits US$300/t. then dilute to buggery to build the thing.
2. Liquidate. Another co may have a stab at asset however assets may return back to L&M. I don't think L&M have rights to it which would leave it up to other co and F&B to apply for it from NZ Govt.
Either way, current s/holders are stuffed.
Considering Holcim risk I would run a mile. If you plan on waiting for met coal to triple wouldn't you be better following Atrum etc?
time to earn your keep guys, page-16
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Last
74.5¢ |
Change
-0.005(0.67%) |
Mkt cap ! $142.5M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 75.0¢ | 74.5¢ | $32.13K | 43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3899 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 30000 | 1 |
View Market Depth
| Last trade - 13.23pm 15/11/2024 (20 minute delay) ? |
| BRL (ASX) Chart |