HFR 7.14% 26.0¢ highfield resources limited

Ann: LoI for Cooperation on Strategic Investment, page-77

  1. 1,500 Posts.
    lightbulb Created with Sketch. 29
    EMR is putting on the table to YE a change of control handing YE an asx entity it has board control. The price is the price YE is willing to pay. EMR is not willing to put more funding without massive discount to share price, and this is deal allows EMR to have the cake and eat it too moment. On the proviso everyone forgets about the very high price EMR paid for its existing holdings. It is a great value recovery deal for EMR.
 
watchlist Created with Sketch. Add HFR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.