AKM

10.3%

32.0¢ aspire mining limited

typo "The Mongolians already have 6% outside the register." sb...

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hotwolf

5,418 Posts.

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17/09/19

12:36

Post #: 40450468
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Originally posted by hotwolf: ↑

I already told you guys not to play the man so you can thank Mongolian Joe here energising me to dig further. Shut me down in debate. Convince me to buy back!

@SIJoe I posted glowingly for a long time on AKM- this T grab makes me angry because AKM was a big play for me and I had to dump. I tend to get angry when financial ambitions get trashed by weak boards and angrier when weak shareholders get behind them.

SO He's a new point for you all to ponder. This placement is intrinsically connected to the 50% Mongolian stake requirement right? I've mentioned it before but I missed something important.

The Mongolians already have 6% outside the register. Paulls rationalisation is....what is it? Wordplay? He "miss-spoke"? How do we explain this?

T Doenst need 51% of AKM for Mongolian legislative permission. He can take 45% to get there.

SO why 51%? Because it's not for Mongolian law...its for Aussie law- 51% for MAJORITY CONTROL = BOARD CONTROL = MINORITY PASSIVE BUYOUT AT A PRICE OF THEIR CHOOSING IE HELPLESS SQUEEZOUT.

You won't realise even halfway fair value if this placement goes through ---

Minority shareholder History says it's so.

The nature of Uber capitalist Billionaires says it's so.

Mongolian Nationalism says its so.

The lack of non-T funding power on the AKM register says it's so.

The "wordplay" that this placement needs to provide 51% of the register says it's so.

Say it ain't so.

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typo "The Mongolians already have 6% outside the register." sb inside the register

AKM Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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Last 32.0¢		Change 0.030(10.3%)		Mkt cap ! $162.4M

Open	High	Low	Value	Volume
30.0¢	32.0¢	28.5¢	$82.98K	270.6K

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typo "The Mongolians already have 6% outside the register." sb...

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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typo "The Mongolians already have 6% outside the register." sb...

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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