LOL kozzie. Corporation act section 611 by memory will spell it all out for you.
My wording may be different as been a while since ive had to look at it, but over 20percent and any company has to give shareholders an independent valuation to make sure its fair.
I would suggest thats whats taking so long with LCY trying to work out the value NMDC has on it compared to the valuation and getting some legal advice of what it all means and how it shapes the future of the company for shareholders and moving forward. Its never straight forward as some may think as just wanting to know the price.
We will get to have our vote on the deal. We will get to see the independent valuation at that time and Sharon will advise us what the board decision is and the reasons for it.
This will be the week.
waiting, page-21
-
- There are more pages in this discussion • 64 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 LCY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1021250 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 1963860 | 10 |
View Market Depth
| Last trade - 16.12pm 31/07/2024 (20 minute delay) ? |
| LCY (ASX) Chart |
Day chart unavailable