hi, it means the company will accept ordinary shares at at value...

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HollandPommy

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03/03/19

04:26

Post #: 37633395
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Originally posted by fixer941: ↑

so I'm a little confused about the issuing of shares to the prospective new shareholders should the gold mining takeover go ahead. can someone help me understand how the new shares are valued at 30c vs market price of circa 8c? and the effect this will have on market purchased stocks. From what l understand, the takeover will slightly lower share price when/if it goes ahead later in the year but hopefully only in the short term until the new acquisition "comes good" and adds value to aiy. lt was great to see some profits In the half yearly and it looks like things should only head up from here as the major investments start realizing profits. further, does anyone know anything about "pizzey w.i.f."? my research is turning up nothing but a company delisted some years ago, but it's still showing as a current investment on the report!

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hi, it means the company will accept ordinary shares at at value of c30,they will be the same class of share that you and I own. Clearly the market price of c8 is the wrong price. I expect to see a large uplift in share price next week plus further announcements. These are exciting times for AIY shareholders.

AIY Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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hi, it means the company will accept ordinary shares at at value...

Top Stories

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Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

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Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

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