AGD austral gold limited

1.47%

6.9¢

Ann: AGD Announces Non-Binding Offer for AGD to Acquire Revelo, page-12

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edshann

2,471 Posts.

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05/09/20

08:55

Post #: 47108082
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Originally posted by edshann: ↑

i cannot work this out. Should we all be buying RVL as a cheap entry to AGD?

RVL on the TSX jumped before the deal was announced from 12 cps on 26/8/20 to 27 cps on 1/9/20. The deal was announced on 2/9/20 Canadian time and the share price has slumped back to 22 cps yesterday. They get 0.9184 of an AGD share, plus $C1,176,471 over about 38.6 million shares which is 3 cents. That is you pay 23 Australian cps to buy an RVL share at the current Canadian price. Then if the deal goes through you get AGD shares worth 31 cps (.9184 of 34 cps AGD share) plus say 3 cps in cash.

You make 50% on the deal. What am I missing? The Chairman and CEO own over half the shares and are in favour. The sharemarket seems to be saying the deal will not go ahead.

https://money.tmx.com/en/quote/RVL/trade-history

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Incidently I had not really registered that Revelo are selling off a group of copper exploration projects in Chile as well in a deal with another TSX company and we will end up with 20% of that company and a Board seat if we take over Revelo. We end up with indirect copper exploration interests as well as direct (and indirect via Rawhide) gold and silver mines. A very complicated structure.

Last edited by edshann: 05/09/20

AGD Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.9¢		Change 0.001(1.47%)		Mkt cap ! $42.24M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.9¢	$54	789

Buyers (Bids)

No.	Vol.	Price($)
3	21272	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	13883	1

View Market Depth

No.	Vol.	Price($)
3	21272	0.069
2	60000	0.068
1	44776	0.067
1	100000	0.066
3	57692	0.065

Price($)	Vol.	No.
0.070	15124	2
0.071	150000	1
0.072	70000	1
0.074	24160	1
0.076	40000	1

Last trade - 15.55pm 18/06/2025 (20 minute delay)

AGD (ASX) Chart

Ann: AGD Announces Non-Binding Offer for AGD to Acquire Revelo, page-12

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Ann: AGD Announces Non-Binding Offer for AGD to Acquire Revelo, page-12

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