AAF 3.85% 12.5¢ austral africa resources ltd

intrigue

  1. 808 Posts.
    lightbulb Created with Sketch. 50
    This is starting to become quite an interesting scenario.

    Consider this,

    1) It looks like the major shareholder did not take up the entitlement

    2) Approx 10 million shares gets you in the Top 20, post allotement.

    3) The directors according to there notices have very small direct and indirect interests.

    Who really does control this stock?

    What chance of a 1 for 10 Capital reconstruction?

    Worth a punt simply chance on a change of control.

    Regards

 
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Currently unlisted public company.

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