AXE 2.38% 21.5¢ archer materials limited

Ann: Trading Halt, page-52

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  1. 1,100 Posts.
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    It will be interesting if the company brings forth the record date for the In-Specie Distribution of Itech Minerals (currently 11th October) as the IPO has closed. I probably will be a little annoyed if the placements holders receive Itech shares, their interest are not aligned with a minerals deposit and they would be off loaded into the market pretty quick.

    Placement share usually take a week to be issued.

    Lets see how Greg manages this one, i guess in he's best interest to call the record date early.

    https://hotcopper.com.au/data/attachments/3643/3643415-44affd3c8c61ae6e91eeb24891d29384.jpg
 
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