Elph Ptd Ltd has announced a partial t/o offer of 26c for 35% of the shares it doesn't own i.e 35% of 75.05% which will give it a bit over 50% of Coote. They will then undertake a review of Coote's operations.
Seems like a good result as Dale Elphinstone appears to have been supportive of CXG in recent times. If all goes well this has the potential to be a multiple bagger as Coote's businesses look to have a lot of potential.
- Forums
- ASX - By Stock
- CXG
- elphinstone in partial takeover offer
elphinstone in partial takeover offer
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CXG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online