I've always thought the deal was structured as a paper asset rather than one of tangible value. Why else would there have been a payment clause that equates to 'if you don't use it you don't have to pay for it'..."I've always thought the deal was structured as a paper asset rather than one of tangible value. Why else would there have been a payment clause that equates to 'if you don't use it you don't have to pay for it'..."
Bathurst has already paid $40m. The current argument is over the second tranche. So we are already on the chopping block for 40m pieces of paper; that seems a relatively real asset to me.
The end of the deal sees L&M being issued 5% of the share capital in BRL so even if we win there will be dilution
Ann: On-market share buyback update, page-10
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $149.2M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 78.0¢ | 74.5¢ | $14.06K | 18.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4234 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 9139 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BRL (ASX) Chart |