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16.5¢ avanco resources limited

Ann: OZL: Notice of Change of Interests of Sub Holder and IAF, page-7

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528 Posts.

36

14/06/18

11:17

Post #: 33704332
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Originally posted by BPAA ↑

From a selfish point of view, I now want this to get to 90%

My understanding is this

The compulsory acquisition has to be paid out in cash only, no OZL shares that continue to fall which continue to devalue the offer and when those shares are received by those accepting the T/O I would think many would sell out.

An independent valuation should see a minimum of 17 cents which is around what the offer is worth now but could see one higher. (although given what we have gone through nothing would surprise me)

I would be interested to know the process of the independent valuation and how theyre selected if anyone can shine a light on this.

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I was incorrect on the compulsory acquisition process when it immediately follows a takeover -- there are different rules in that case. You are quoting the rules for general compulsory acquisition (eg: after getting there later via creep).

AVB Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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