AVM advance metals limited
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re: Ann: Commencement of Takeover Bid at C$8.... I've read all...

  1. miningnut
    11,381 Posts.
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    20/10/11
    12:14
    Post #: 9166632
    re: Ann: Commencement of Takeover Bid at C$8.... I've read all those documents now on the minmetals resources site - I still have concerns about the exchange rate we'll get - the documentation says we'll get 'market rates' as available to the depositary(Computershare) - that is just so vague and means damn nothing - I was looking for words to the effect that we would get a wholesale bank rate.
    I can see we're going to be at the mercy of Computershare in this matter and will have no idea what we're getting.It's disappointing to say the least.
    AVM Price at posting: $7.35 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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