9.1.vii) as at the date of this deed, MinRes is not in breach of its continuous disclosure obligations under the Listing Rules and is not relying on the exclusion in Listing Rule 3.1A to withhold any information from disclosure (other than in relation to the Transaction or as disclosed in writing to Atlas on or before the date of this deed)-
The deed was announced to the market on 9th April 18.
After market on 11th April 18, the following was announced by MIN:
Wodgina DSO lithium
We have experienced a number of adverse weather events, some mechanical failures and port congestion during the first quarter of CY2018 which has had an impact on our Wodgina DSO lithium exports. We have successfully implemented strategies to recover some of this lost volume in the current quarter. While we continue to monitor and assess the recovery, based on our best estimate of shipping availability, we believe we will export approximately 10% less than the 4.5 million export tonnes in FY2018 previously guided to the markets
The share price opened approximately 70c lower on Thursday than what the share price was when the ratio of the deed was announced.
Therefore, a ratio of 571 to 1 would give AGO holders an implied share price valuation of less than 2.9c, not over 3.0c.
AGO Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
