here are two asx releases from the past that will be of interest to todays news.
04/06/06 ann:
http://www.asx.com.au/asxpdf/20060705/pdf/3xfhvc8mb2n9x.pdf
"a binding settlement agreement" "the shareholders have agreed to cease all litigation" etc etc
and 07/02/07
http://www.asx.com.au/asxpdf/20070207/pdf/310v8j3656z180.pdf
it seems from my point of view that srk and MAPSA has a more amicable/flexible deal than D&C in relation to the maturing share price and production royalties etc.
D&C came into the original deal late with a legitimate claim which presumably MAPSA conveniently didn't mention they might have. not happy.
D&C have patiently timed (or triggered, by the 32mil raising) their comeback to stall both parties at a time they feel is best suited to their outcome.
shankar and espec. farooq are pretty damn good with legal, from what i'm told....
be interesting to find out weather D&C are dredging an old argument or actually have a new loophole (somewhere between the 51% - 68.15%) that the boys managed to miss.
all said, think the buyers today said "hey, if 51% is the downside, then let me in the caboose!"
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 210000 | 0.028 |
2 | 192465 | 0.027 |
1 | 130000 | 0.026 |
3 | 230000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 7500 | 1 |
0.035 | 98720 | 3 |
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