AOP 0.00% 61.0¢ apollo consolidated limited

Ann: Trading Halt, page-38

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  1. 136 Posts.
    lightbulb Created with Sketch. 17
    Interesting to compare this takeover to the recent SBM/ KIN offer, which was declined by KIN. Not dissimilar valuations, but AOP's prospects, resource, continuity of resource, drill work, and cash balance are all far superior KIN's position. KIN felt it was in their shareholders interest to decline the low-ball offer (even after including a dilutive 13M capital raise in the deliberations). Interested in people's thoughts - why are KINs/AOPs positions poles apart? Who are doing right thing by their shareholders?

    I can say that RMS management have a good eye, and RMS shareholders must be pleased - there is a bit of guffawing over on the RMS thread. "Paying them out with their own cash.." etc



 
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