Are you really being treated unfairly by the offer though, after all you can choose to take the cash like First Samuel or keep shares in an unlisted entity like Zimi Meka can't you?
This is a scheme of arrangement, so we do not get to the option to keep our shares like the other big holders have arranged with RCF (assuming the scheme is successful); we will be forced to sell to RCF. It is blatant discrimination of small shareholders.
RCF are attempting this now for one reason only: they feel we are at the bottom of the cycle and therefore this is as cheap as it will ever get; there will be a long-term value-adding climb in the share price from now, so now is the time to steal the company away from other shareholders. I can't question their motives at all; I would do the same if I had the cash.
- Forums
- ASX - By Stock
- AAX
- Ann: Ausenco and RCF enter into Scheme Implementation Agreement-AAX.AX
Ann: Ausenco and RCF enter into Scheme Implementation Agreement-AAX.AX, page-21
-
- There are more pages in this discussion • 4 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 AAX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online