Ann: Quarterly Activity Report & Appendix 4C, page-42

First 42 Last

Share
Profile

Follow
seahunt

4,337 Posts.

454

30/01/24

22:10

Post #: 72144621
Share

Originally posted by sumgenius: ↑

Dan, following on from your comment that a sale could be in place before we are made aware of test results publicly, some points herewith (if applicable) to consider........
4DS is an Australian Publicly Listed Company, and therefore as such needs to follow ASX Rules. Under the ASX, the most common method of obtaining control in an Australian publicly listed company is by way of a takeover bid. Where transaction values are greater than $1billion, a member’s scheme of arrangement involving the transfer of shares to the acquirer becomes a more common method. This is likely due to the certainty of outcome (all or nothing) provided by the structure. Schemes of arrangement are also useful where the bidder requires the certainty of an ‘all or nothing’ outcome. Hostile transactions have, to date, been relatively uncommon in Australia and the majority of successful transactions obtain support in the form of a recommendation from the target company’s board of directors (at some point in the transaction process).
Maintaining secrecy during the acquisition of a publicly listed company is paramount. Target companies generally do not have an obligation to disclose confidential, non-binding, indicative or incomplete proposals to the ASX but may strategically choose to do so.
There may be some big buyers waiting on the results mentioned before they make their move, which would mean that a Public Offer would be made to all 4DS shareholders, which could result in a recommendation issuing from the BOD for 4DS, to accept or not to accept the offer.
In the event an interested party decides to pick up cheap shares by creep, once it acquires 20% or more, transactions are required to be notified to the Australian Foreign Investment Review Board (FIRB). Applications for FIRB approval are confidential, however it should be noted that the FIRB will consult with other governmental bodies including the Critical Infrastructure Centre, the Australian Taxation Office and the Australian Competition and Consumer Commission.

Expand

"once it acquires 20% or more"

If some entity acquires 20% they must make an offer to take over
At 10% they can seat on the board
At 51% they control the board and company
At 90% its a compulsory aquirisation of the remaining shares

4DS Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

There are more pages in this discussion • 5 more messages in this thread...

First 42 Last

Add 4DS (ASX) to my watchlist

(20min delay)
Last 7.0¢		Change -0.004(5.41%)		Mkt cap ! $123.4M

Open	High	Low	Value	Volume
7.4¢	7.4¢	7.0¢	$160.3K	2.236M

Buyers (Bids)

No.	Vol.	Price($)
1	5000	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	140291	3

View Market Depth

No.	Vol.	Price($)
1	5000	0.071
4	293745	0.070
6	259003	0.069
8	941250	0.068
6	488403	0.067

Price($)	Vol.	No.
0.074	140291	3
0.075	268999	2
0.076	116553	2
0.077	92948	2
0.078	12000	1

Last trade - 15.57pm 17/09/2024 (20 minute delay)

4DS (ASX) Chart

Ann: Quarterly Activity Report & Appendix 4C, page-42

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Winsome scoping study proposes low-cost operation for Adina lithium project

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Activity Report & Appendix 4C, page-42

Top Stories

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Winsome scoping study proposes low-cost operation for Adina lithium project

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News