A40 0.00% 8.2¢ alita resources limited

Saving Alita & Our Investments, page-159

  1. 2,558 Posts.
    lightbulb Created with Sketch. 390
    Another thing to consider, the court may decide to transfer the shares of anyone not opposing the 444GA application in February and suspend the transfer of shares for the other shareholders who lawyered up to oppose it until such time the matter is sorted in court.
    If Liatam doesn't have enough shares transferred to them to force a compulsory acquisition they may decide to offer a small premium to closing share price to buy out the remaining shares and privatize Alita rather then try to fight it in court for years, keep the mine on C&M instead of feeding Jiangte's converters or even worse to risk having misconduct, manipulation and breaches of Corporations Act brought to light and stand to lose Bald Hill. A 10c per share to shareholders opposing the transfer would only add a few more million to their total cost and would give them total control over a $350M assets, despite KM valuation of Bald Hill being less then 1/10th of that . wink.png


 
watchlist Created with Sketch. Add A40 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.