You guys are really funny.
The ratio is dynamic, 1.1:1 on book closure date probably in September. There is no fixed price. You are assuming alliance mineral will stay flat at $0.34, which is ridiculous because investors will buy up alliance shares. If alliance goes up to $0.40, your tawana shares is worth $0.44 and not $0.37. the same ratio is going to be applied. If alliance goes up to $0.50, you get $0.55 worth. You don't lose out. $0.37 is a nominal figure for them to determine the rate. But alliance is not going to stay at $0.34.
- Forums
- ASX - By Stock
- TAW
- Ann: Tawana & Alliance to Merge and Capital Raising & SIA
Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-260
-
- There are more pages in this discussion • 289 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
SPONSORED BY The Market Online