Australia's largest stock trading and investment forum Australia's #1 stock forum

AC8

Click for more information

0.00%

4.0¢ auscann group holdings ltd

And ac8 gets diluted by 40%

First 76 Last

Share
Profile

Follow
seahunt

4,332 Posts.

452

19/11/20

22:26

Post #: 49004154
Share

Originally posted by 88M1nd: ↑

From my understanding, $17.5M is how CP1 was valued in order to determine how many AC8 shares need to be issued to CP1 shareholders in exchange for the acquisition.

Not saying there won't be a raise somewhere down the line but I couldn't see mention of cash changing hands.

Bearing in mind that if this is true, then there is still circa 17M in the bank which means current MC of AC8 ~43M? is pretty close to how the market values the 2 companies combined.

Can anyone who knows more confirm?

Guess we'll find out more with the 'explanatory booklet'.

Expand

And ac8 gets diluted by 40%

AC8 Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

ANX

Anax and Artemis ink MOU to progress copper processing hub in WA

DUR

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

MLS

Metals Australia kicks off multi-project drill run sniffing for gold and critical minerals

AAJ

Aruma sniffs high-grade copper, antimony at QLD's Fiery Creek

There are more pages in this discussion • 46 more messages in this thread...

First 76 Last

Add AC8 (ASX) to my watchlist