Suppose KWE acquires most of the new shares, a takeover bid has...

Suppose KWE acquires most of the new shares, a takeover bid has to come, according to the ASX listing rule.

As I posted before the total investment in Henan kewier is aroung A$40 million--according to chinese media. It's also common sense that it's impossible to run a plant with capacity to produce 30000 tones magnesium alloy at cost of A$5 million. (I remember SP was morethan 20c, when AML planed to produce 6000 tones magnesium alloy in 2007.)

A$5 million is even not enough for KWE for acquiring 33 acre land in Henan.

So I just doubt KWE wants to takeover AML at the very begining, and KWE has to make a bid, if it holds more than 30% of ANM. A$2.8 million is only 6% of the total investment, so actually KWE doesnot care the money at all,it is quite clear KWE just wants to takeover AML at a bargain price.

I am not sure how much the takeover bid would be, but I just guess 6c-10c range should be reasonable.

AML mentioned "we will have two production capabilities in 2010 being at the KWE facility and also with a Japanese production partner" Looks like it's too late. May be just after 4 month, you will find KWE list on ASX, not ANM.

interesting, any ideas guys? good luck!