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16.0¢ metalstech limited

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blanky

80 Posts.

26

03/09/24

13:47

Post #: 75506338
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Originally posted by PaullyD: ↑

I have just had a quick squiz at the Share Sale Agreement and noticed clause 9 Warranties, subsection (i) where it states:

As at the date of this Agreement, to the best of the Sellers knowledge, the Company has not directly or indirectly disposed of or dealt with any of the Sturec concessions or entered into any agreement or option to dispose of or deal with any of the concessions at a valuation lower than US$81 million.Please excuse my ignorance of such matters but why is the US$81 million specifically stipulated?

Is it the case that the purchaser has agreed to buy the shares with knowledge of a subsequent deal valued at US$81 million?

US$81m = A$119.74m / 196,858,383 SOI = $0.608/share

Wishful thinking perhaps?....

Expand

The TMF offer announcement equated to US$81 million (A$120.7 million) .

So essentially they are saying to the Managing Director in clause 9 don't sell to TMF and we will buy just you and friends personal shares for a 200% premium to market. How can that even be legal.

MTC Price at posting: 26.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $31.49M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.5¢	$17.57K	112.6K

Buyers (Bids)

No.	Vol.	Price($)
1	1	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	92780	2

View Market Depth

No.	Vol.	Price($)
1	1	0.160
7	153525	0.155
1	50000	0.150
4	67000	0.145
2	25100	0.140

Price($)	Vol.	No.
0.165	92780	2
0.170	60600	1
0.185	43695	1
0.190	7500	1
0.195	25000	1

Last trade - 16.10pm 07/10/2024 (20 minute delay)

MTC (ASX) Chart