The interest post FDA ,in LBT , by MNC is of... Significance , imo...Dealings with these
organizations will be a complicated process , especially if ...there's an " elephant in the
room " .
The elephant .. may not be a bad thing if their interest align with ours ...but what if
they aren't . Then Dealings with other MNC ... may become too problematic .....
BM has close to 10 % shareholding , and , imo ,.. mostly hasn't had our interest aligned ,
to the detriment of LBT , just ask LT holders ... I refer you to a excellent post by Linsanity
who talks about BM 's strategies re TO 's...
https://hotcopper.com.au/posts/19907171/single
So how do you fix this problem ... BM blocking shareholdings may dominate/frustrate
and lead to an unfavorable outcome.....Well you could reduce their holdings ( % )by
doing a ... CR and putting the new shares in... safer hands ..
Prior to CR .. BM had 10 % now they have 7.6% (117 + 35m )..yes it's cost us a bit , but our
choices will be in our interests ...re any deals forthcoming which , Imo ..is significantly
to the upside and ... a great strategic move by Brent. BM ..is still in the game .. but will
have to increase their holdings ,.. will be interesting to see their response .
Also ... most importantly it increases the shareholding of our BOD .
I doubt that a public company can achieve success without making sacrifices along
the journey . While a few see the CR as greed by directors , ..I don't , I see it as strategic
and protection of our interests against aggressive TO corporations .. .
Most interesting is the placement to a US .. SI ... will be watching closely ...with options
included will have just over 10% GLTA
- Forums
- ASX - By Stock
- LBT
- Ann: Completion of Placement
Ann: Completion of Placement, page-158
-
- There are more pages in this discussion • 163 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LBT (ASX) to my watchlist
|
|||||
Last
1.4¢ |
Change
-0.001(3.45%) |
Mkt cap ! $22.66M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $3.714K | 263.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2188194 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 1537615 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2188194 | 0.014 |
1 | 5333333 | 0.013 |
5 | 1023333 | 0.012 |
4 | 376500 | 0.011 |
3 | 600000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 1537615 | 5 |
0.017 | 1492000 | 5 |
0.018 | 815336 | 6 |
0.019 | 200000 | 1 |
0.020 | 2596000 | 6 |
Last trade - 13.00pm 20/08/2024 (20 minute delay) ? |
Featured News
LBT (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online