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22:38
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Originally posted by Clever1
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The meeting was upbeat. The (new) consultant that's been working with the company sounds as though he has made solid ground. The comments were that the finale pieces on finalising the acquisition that are required to be lodged with ASX and then upon ASX approval lodged with ASIC which forms part of the Notice of Meeting (NOM) as we know it, and then released on the ASX platform aka an announcement. The documents are due to be lodged within the next 1-2 weeks. That means from what I can tell NOM should then be out within 4-6 weeks. The prospectus then follows to be lodged with ASIC for approval. Once the prospectus is approved by ASIC (assuming the acquisition is approved by shareholders) the company is then able to go out in the market and raise the necessary funds.
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thanks clever cheers
from my call 4 weeks ago with management, they wanted to get it done before the end of the year. here's hoping, o & g sector looking much better than it did a year or 2 ago
