So we are giving them 1 MLX + 8c (worth $1.14) for 4.5 ABY (worth 4.5x .29 = $1.305)
I looks to me like market value, given MLX is down today and ABY is up.
Way to see it though is as Netsua says - we get the cash pile, which I thought was $48m, locked up in ABY by the T/O dealings and the Nifty mine (which MLX tech staff have now inspected and had access to the ABY data room) and the satellite exploration prospects for $25 plus the exchange of shares.
I would put an extra dollar on MLX for this - may take a little time to sink in though.
Ann: ABML Directors To Recomend Proposed Increase Offer From MLX,MLX-ABY.AX, page-3
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Last
41.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $376.0M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.0¢ | $310.5K | 762.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 339374 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 30578 | 10 |
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| Last trade - 10.19am 27/06/2024 (20 minute delay) ? |
| MLX (ASX) Chart |