re: Ann: USN: US NICKEL TAKEOVER OFFER FOR AR... ARD need funds for their projects and if they do a SPP or placement, this will knock the share price around a fair bit.
I think it will. go through purely because there is not much reason for it to not go through. For all intents and purposes, it is a merger not a takeover hence the lack of premium and I'm sure that USN would have already had a bit of a chat to ARD's major shareholders.
USN have around 27% of the company, Moongold (C. Daws) has at least 5% and the company secretary and his family I think have around 10% of ARD. That is around 42% without considering the other Daws' holdings. So they are already halfway there without really trying
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.99M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $3.571K | 201.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1087294 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 1344360 | 5 |
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| Last trade - 14.14pm 09/10/2024 (20 minute delay) ? |
| ARD (ASX) Chart |