Share
4,750 Posts.
lightbulb Created with Sketch. 378
clock Created with Sketch. 06/03/21
08:25
Share
Originally posted by bm3121:
↑
I am not sure why we would want to split AJQ into two different companies to make it more tax efficient. Two lots of business costs, including additional money to pay for another Board, CEO, Secretary, accountants, auditors and so forth. Know that this the history of DGR and its daughter susidaries, and guess who is behind AJQ's senior management (have a look at the members of both these boards)......resulting in significant additonal annual pays, meeting attendances, bonus shares, capital raisings and underwritings. Again, look at DGR share price to see how that has been working!
Expand
It is/was too big for AJQ. The debt they took on was massive and that is why they needed Santos. They could have gone the same path with the NT acreage but it is sort of a giveaway for peanuts. That is why AJQ wants to do the unlocking themselves with new/fresh capital. AJQ could never have raised this amount with that much debt on their books. That is why it is a Master stroke from Brad. I am in again.
(20min delay)