For the life of me I cannot understand what possessed the MIN board in believing they could engineer a favourable outcome for themselves by taking a minority stake in AQA.
All they basically did was give the other AQA shareholders a free option on the upside in the highly unlikely event that Boasteel/AZJ might match or exceed MIN's 375c offer.
Now that has not eventuated, all MIN is left with is a minority stake in a company about to embark - under the control of its new, big, well-capitalised controlling shareholders - on a significant capital investment program, the funding of which will leave MIN highly diluted and with a five-year wait before they see any return.
Either that, or MIN also accepts AZJ/Baosteel's 340c cash offer, lose $18m on their investment, and look pretty silly in the process.
You couldn't write a movie script like this.
Truly bizarre.
very pleased with this investment , page-14
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$44.81 |
Change
-1.570(3.39%) |
Mkt cap ! $8.805B | |||
| Open | High | Low | Value | Volume |
| $45.75 | $45.90 | $44.75 | $51.40M | 1.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47 | $44.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $45.00 | 5012 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MIN (ASX) Chart |