This is a great announcement.
It clearly shows management is very keen to get to 100% ownership and is forcing the hand of the 30% holder to "put up" more capital or if he does not to "shut up" and go away. If the vendor is smart he negotiates a settlement for his 30% stake and sails off in the sunset. If he is not smart, he will just get diluted with every capital injection.
Either way, owning 100% of this project will make it much more bankable asset for M&A purposes down the line
This is a great announcement.It clearly shows management is very...
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2.9¢ |
Change
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Mkt cap ! $45.04M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 2.9¢ | $96.29K | 3.206M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 396896 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 250000 | 1 |
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| TSO (ASX) Chart |