Ann: ABML Directors To Recomend Proposed Increase Offer From MLX,MLX-ABY.AX, page-3

  1. 11,420 Posts.
    lightbulb Created with Sketch. 3251
    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.
    Last edited by JandJ: 26/04/16
 
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Last
62.5¢
Change
-0.030(4.58%)
Mkt cap ! $553.9M
Open High Low Value Volume
66.0¢ 66.0¢ 61.0¢ $2.280M 3.628M

Buyers (Bids)

No. Vol. Price($)
4 86376 62.0¢
 

Sellers (Offers)

Price($) Vol. No.
62.5¢ 180867 5
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