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$3.69 azure minerals limited

I get your logic, but you have to ask "why did they go to...

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adesso

1,431 Posts.

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28/02/24

11:13

Post #: 72639923
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Originally posted by Gmeister: ↑

Business as usual, Bidders ticking off the boxes, the doubters can stand down.

Re all the JPMorgan speculation - if JPM vote against the Scheme and it fails (at $3.70) and if JPM do not then sell into the Takeover Offer (at $3.65) - then JPM will hold 15% of a listed company with a Share Price that will have dropped to say $2.00 (guestimate), a book loss of $95million on the investment.

Does anyone seriously think JPM is not playing the arbitrage?

GLTAH!

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I get your logic, but you have to ask "why did they go to 15.01%?"

Minres only sold them about 14%

They wouldn't do it so they get $3.65 instead of $3.70!

If the Scheme fails they can block compulsory acquisition from the $3.65 takeover.

AZS Price at posting: $3.53 Sentiment: Hold Disclosure: Held
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0 Great analysis

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