ASM 13.8% 53.5¢ australian strategic materials limited

Ann: ASM TO ACQUIRE 95% OF ZIRONTECH, page-8

  1. 1,558 Posts.
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    AT FIRST SEEK TO UNDERSTAND!
    Boys N Girls
    Putting it simply current shareholders of Ziron Tech want a share in ASM ( about 1.1% if my beating heart has not overloaded my brain ) and are PAYING MARKET FOR THEM.
    As my old hero would say " WHY IS IT SO ?"
    Cos a small share in ASM is going to be worth a lot more than Ziron Tech
    Let us not forget the Korean govt put up $5M and ALK $1M to get this going.
    Me thinks next announcement is to be financed by Korea!
    why is it so?
 
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