Australia's largest stock trading and investment forum Australia's #1 stock forum

MCT

Click for more information

11.4%

3.1¢ metalicity limited

Ann: Takeover Bid for NME Extension of Offer Period, page-26

First 26 Last

Share
Profile

Follow
Money made

4,305 Posts.

585

26/07/22

16:36

Post #: 62735809
Share

Originally posted by auro ↑

Not surprising at all that they lost the meeting - 4.4% short of reaching a majority. I didn’t think they would be able to make the 50. The turnover of shares in this takeover also died a long time ago, I am not sure where any further acceptances will come from unless something happens on the NME side.

I am sure they know they are stuck as a very significant NME shareholder for now.

Expand

For MCT to still pursue the takeover of NME but struggle, is not a good for MCT. Also, none of the resolutions that were put forward at the AGM for the spill of NME didn’t pass. MCT have a major obstacle here that I doubt they will overcome any time soon.

MCT Price at posting: 0.3¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

OJC

SPC to merge with Original Juice Co and Nature One Dairy

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 52 more messages in this thread...

First 26 Last

Add MCT (ASX) to my watchlist