First Tin could buy ANW out Even at 0.003, For barely anymore...

First 44 Last

Share
Profile

Follow
$$$$$$$$

8,458 Posts.

1204

21/01/22

18:33

Post #: 59050004
Share

Originally posted by PaullyD ↑

Hi Kotaredrew,

So the initial First Tin listing is to happen in 4 weeks on the LSE, and for me personally, I only invest in the domestic market. The ASX listing is supposed to happen prior to June. If the tin market continues in the fashion it has been of late, then I fear that by June the First Tin share price will be a bit further north.

I think a broader question for the forum (and it is a speculative one) is that if First Tin are seeking an ASX listing, what is to stop them just buying ANW out, or propose a scheme of arrangement whereby ANW shares become First Tin shares?

I understand that First Tin have a strong ESG focus which is incompatible with the coal projects, but the Mackenzie acquisition is unlikely to go through to completion, and Ashford is coking coal and if First Tin didn't want to retain it (which I doubt they would) it could be sold off.

Conceptually, it appears that if First Tin were to buy ANW out, there actually wouldn't be too much First Tin dilution as they would effectively bring external ownership of their company internal and under their control.

If First Tin were to set up their own ASX listing, how much does that all cost? Would it be more economical to simply offer existing ANW shareholders a premium for their shares so that First Tin gets their listing?

In the takeover scenario, is it in First Tin's interest to keep the ANW market capitalisation as low as possible? Or at least below the equivalent value of the 22.6% share of First Tin? Negativity towards ANW management might aid that goal - even if the First Tin IPO goes remarkably well.

I've been thinking about these things and I'm genuinely interested in the forum's views of these questions. What would First Tin's corporate strategy be? Is ANW a target or, might First Tin want to put as much distance between the two companies as possible?

Cheers,

PaullyD

Expand

First Tin could buy ANW out Even at 0.003,
For barely anymore than the $34M Deal Already Proposed....

It would then get Granville as a Bonus,

As Well As,
The Entire QLD Tin Portfolio:
*KILKIVAN
*MT COLBALT
*PEMBROKE

And the Coal Projects:
*MCKENZIE - (COAL)
*ASHFORD - (COKING COAL)

It could then, if it wanted to,
Sell the Coal Projects to Whoever it want's,
And Get the More Projects for a Reduced Price....

Surely they would be considering this....

Last edited by $$$$$$$$: 21/01/22

ANW Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
9 Upvote

1 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

There are more pages in this discussion • 13 more messages in this thread...

First 44 Last

Add C7A (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $1.916M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
8	4265911	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	3266090	5

View Market Depth

No.	Vol.	Price($)
8	4265911	0.006
12	6150194	0.005
4	1549995	0.004
2	1699995	0.003
2	1300000	0.002

Price($)	Vol.	No.
0.008	3266090	5
0.009	441740	2
0.010	1169471	4
0.011	1069816	5
0.012	144610	2

Last trade - 16.12pm 04/11/2024 (20 minute delay)

C7A (ASX) Chart

Day chart unavailable

First Tin could buy ANW out Even at 0.003, For barely anymore...

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

First Tin could buy ANW out Even at 0.003, For barely anymore...

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News