Australia's largest stock trading and investment forum Australia's #1 stock forum

AZM

Click for more information

0.00%

3.2¢ azumah resources limited

Ann: Supplementary Bidder's Statement, page-16

First 16 Last

Share
Profile

Follow
Snappydog

26 Posts.

2

28/10/19

17:18

Post #: 41104268
Share

Originally posted by Stans: ↑

On the 16th October the board formally advised to reject the “opportunistic bid” of 2.8c, with 6 headline reasons why the bid was unacceptable.
Less than 2 weeks later, with a modest 18% offer uplift the chairman now claims this is a good deal for shareholders, conveniently ignoring the arguments put to us 2 weeks ago. The reasons in today’s announcement supporting the bid looked like they may have been copied from the ibaera document by the work experience kid, or daily mail reporter.

Us mug shareholders are paying the way of the board, and their “adviser”, azure capital, and this is the best they can do to represent us in an unsolicited take over offer....how about a transparent representation on what they see the project is worth today, for starters.

I hope there are enough shareholders who hold firm, as from my perspective the change in tune and support wording over a small uplift, does not pass my smell test.

Expand

Well said. No cojones at the board. Very surprising and speedy flip in attitude.

AZM Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

IMA

Issues emerging as Australian companies tackle critical minerals challenge

There are more pages in this discussion • 26 more messages in this thread...

First 16 Last

Add AZM (ASX) to my watchlist