One key question is whether Newcrest are being allowed to participate in the above discussed placement, pro-rata to their 9.9%. They have previously demonstrated a determination to maintain this level of equity, by contributing additional funds to Antipa when IGO made a 4.9% placement as part of their JV agreement. If Newcrest are not part of a placement to brokers clients, then they will have to either make a separate placement after this has been settled, or to buy on market.
And another key question is, do Antipa have an obligation to facilitate Newcrest's maintenance of their 9.9% equity under the AZY/NCM joint venture agreement? If so, they will have to have arranged participation or an additional placement. But again, if not, Newcrest may have to top up on market.
Obviously it would be positive for the share price if they did.
Ann: Trading Halt, page-75
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AZY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $51.81M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $27.38K | 2.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 18461928 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 14641801 | 16 |
View Market Depth
| Last trade - 11.33am 16/07/2024 (20 minute delay) ? |
| AZY (ASX) Chart |