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26.0¢ technology metals australia limited

Ann: Transaction Update, page-20

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dbd25

6,473 Posts.

2389

15/11/23

15:47

Post #: 70919036
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Originally posted by dbd25: ↑

The AVL SP is currently 23c, it reached 22c yesterday. Assuming a 1:12 share swap, that's equivalent to the TMT SP being 27.6c (@23c), and 26.4c (@22c). It's clearly a rubbish deal. At the very least, the equivalent price to TMT holders should be in the 30's cents range, where most probably are large proportion have would have bought in over the past 2-3 years. It would be very rare for holders of company to accept a buyout resulting in a net loss. I'd vote no to the proposal, and push for a better deal, and preferably the option of a cash payout (so not dependent on the AVL SP price).

All IMHO, DYOR

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Correction, AVL SP is currently 2.3c (and 2.2c yesterday). Argument still the same.

All IMHO

TMT Price at posting: 22.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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