AGS 0.00% 17.5¢ alliance resources limited

Ann: $71.3 million Offer from Quasar for ACE's Four Mile Interest, page-318

  1. 7,329 Posts.
    Hi MD - ASX Listing rules do require shareholder approval if the disposal is the company's main undertaking (listing rule 11.2)

    Unfortunately, that doesn't always happen (thinking of ADY - Admiralty Resources, the last blunder I was involved in).

    As for the pending judgement, if there is no provision in the JV Agreement for cancelling the marketing arrangements, I'm not optimistic about a favourable outcome.
 
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