ARI 5.56% 3.4¢ arika resources limited

Ann: NME - Change in substantial holding for NME, page-31

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Everything I stated was substantiated. Below is the letter from Nex re being stymied from raising cash by MCT.
    I won't repeat everything except to say that playing hardball often does not work in a hostile TO attempt.
    It hardens the opposition.
    What works?
    Be fair even when the target co is nasty, keep lines of comms open, re consider the offer to sweeten it.
    Work towards NME accepting an offer.
    These are the ingredients of success in a hostile TO.
    20% to go to spill the Nex Board and have a GM with a vote for new directors... very messy and time consuming.
    It won't be easy


    https://hotcopper.com.au/data/attachments/3906/3906542-1a232629a12773eb6c2600bc607c2205.jpg

 
watchlist Created with Sketch. Add ARI (ASX) to my watchlist
(20min delay)
Last
3.4¢
Change
-0.002(5.56%)
Mkt cap ! $20.41M
Open High Low Value Volume
3.3¢ 3.4¢ 3.3¢ $27.19K 799.8K

Buyers (Bids)

No. Vol. Price($)
5 784498 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 29000 2
View Market Depth
Last trade - 12.47pm 17/10/2024 (20 minute delay) ?
ARI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.