ADN 8.33% 0.7¢ andromeda metals limited

How would ADN s/holders view an offer from ADN to MEP of a one...

  1. 3,622 Posts.
    lightbulb Created with Sketch. 1041
    How would ADN s/holders view an offer from ADN to MEP of a one for one share swap to takeover MEP?
    This would inflate ADNs shares on issue by 23.5% (fully diluted basis) but obviously inflates ADN's % of GW and CL by 33%, (75% to 100%) and NatNanoTech by 100% (50% to 100%). Cash reserves would also double (app).
    Seems like good value.
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.001(8.33%)
Mkt cap ! $22.28M
Open High Low Value Volume
0.6¢ 0.7¢ 0.6¢ $20.77K 3.091M

Buyers (Bids)

No. Vol. Price($)
27 10150082 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 7545882 21
View Market Depth
Last trade - 15.46pm 11/11/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.