I own both ADN & MEP and I would be all in support of a scrip offer if that were to be the case. 1.5 ADN shares for every 1 MEP share, although some holders would be hesitant about this dilution, they should also realise that ADN 100% ownership of the GW project given the size and grades of Kaolin and Halloysite + the full ownership in NNT venture would significantly value ADN MC further more.
ADN can then be truely as JM says, steering the sail as leaders "in all things halloysite".
All script takeover??, page-2
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Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $59.09M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $33.38K | 1.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1823487 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1122200 | 3 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |