AKM 2.63% 37.0¢ aspire mining limited

You don’t though. The valid concern isn’t dilution. No one but...

  1. 9,788 Posts.
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    You don’t though. The valid concern isn’t dilution. No one but one poster is really hot on that.

    its having a fair price paid for majority economic interest and control - which includes fact he dilutes us

    hes unable to exceed 27.5% atm - as that would break the standstill agreement

    the board composition isn’fixed forever and will eventually be reworked so he has direct control - so that’s a sham. Meantime it’s his ceo and he gets to vote
    down anything he doesn’t like - so he’d have control anyway


    it’s simple - 27.7% Vwap premium is nowhere near enough to take majority control - esp when you factor in
    dilution (if people normally pay 60-70%) for controlwith no dilution - then he should pay roughly 100% given he’s
    diluting us by 50%

    pretty simple.
 
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