Winenut. If Mitsui are successful in getting to 50.1%, there is...

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Al99

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04/04/18

09:51

Post #: 32203729
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Originally posted by Winenut ↑

This one is becoming difficult now

If Mitsui get 50.1% by Friday then if you haven't accepted the offer you will become a "minority" holder.

I suspect the liquidity of AWE shares on the ASX will therefore diminish as Mitsui's holding wont be available to for trading.

Mitsui will clearly have voting rights and the ability to change the board and the AWE constitution going forward.....they'll be the bus driver and the conductor

Mitsui has stated IF it gets between 75% but less than 90% it will actively look to delist AWE from the ASX.

Who knows what happens in that event.

IF Mitsui get 90% plus during the offer period they have stated the "intention" to proceed to compulsory acquisition of the remaining shares resulting in every holder getting the 95c.....but it seems to be only stated as their "intention" that to me does not seem to mean that it's "guaranteed".

Pretty much got until the end of the week to decide......it's a bit like...."Dear sir....which way would you like to be reamed?"

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Winenut.

If Mitsui are successful in getting to 50.1%, there is an automatic extension of the offer by 2 weeks (I recall, but DYOR) so you still have some time to consider the offer beyond this week. This was put in place so you are not rushed into a decision at the last minute.

The area between 50 and 90% is going to be difficult as it appears that not everyone is happy with the pricing of the deal. There are a number of potential outcomes, some of which are highlighted in the Offer document.

I have accepted for my shares thru the IAF, and am happy to make the circa 100% return and move onto the next investment.

GLTAH

AL

AWE Price at posting: 94.5¢ Sentiment: Sell Disclosure: Not Held
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Winenut. If Mitsui are successful in getting to 50.1%, there is...

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