ANS 0.00% 1.7¢ austsino resources group limited

If you people still want to listen to this Gooose Gracesteel11...

  1. 376 Posts.
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    If you people still want to listen to this Gooose Gracesteel11 go right ahead. There are still hurdles to get over.

    The company writes:
    The Company is currently applying to the Court to extend the date of the Prospectus and the Company
    believes that its application will be granted within the next few days. This will enable the Company to
    complete the offer and have the relevant shares issued and requoted shortly thereafter.
    If you do not wish to have your application monies returned to you ahead of the outcome of the Court
    application, please advise the Executive Director, Mr Mike Keemink directly.

    This means that all applicants need to get in touch with mike Keemink very soon if they want their shares.
    If they don't they will loose there shares and get a refund. They still have to get through the court hearing.
    ANS still have a buffer of $445000. It may loose some or all of that and more if subscribers are not on the ball. Or if they choose to opt out. Next week will be a big week not only for ANS but also for the stock market in general.

    The company writes:
    Given the length of time which it has taken to complete the offer, the Prospectus has recently lapsed.
    This means that the Company is obliged under the Corporations Act to return all subscription funds to
    applicants unless it obtains a relevant Court order extending the date of the Prospectus.

    Personally, I think there is a good chance of this still going ahead but Id'e be surprised if it was next Wednesday.

    Good luck to all shareholders. Oh! except for you Gooose.
 
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Currently unlisted public company.

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