So do shareholders get to vote on the sale. cheers

First 9 Last

Share
Profile

Follow
DexterOffchops

259 Posts.

78

03/01/25

11:36

Post #: 77257877
Share
Originally posted by littleblackduck: ↑

It is binding based on some precedents being met by both parties.

One in particular is provided below. I persomally hope there is strong push back by SH on the deal based on the financial metrics I've presented for other junior ASX listed companies (M&A) albeit they are mainly operating in Australia. Applying a discount for country risk still makes the makes the sale process at $10M a steal for the incomming party. Hopefully there is a independent experts report to review and put pressure on getting more $s for the Au that is in the ground. I would be happier if they had included a trailing royalty for any Au production that occurs that is quite customanry for tenement transactions. .

Completion of the transaction is expected to take place around the end of February 2025, subject to the following Conditions Precedent:

TGC to receive a legal opinion on the good standing and validity of the underlying mineral claims that comprise the Colombian projects.
LCL to prepare and delivered to TGC, Audited Financial Statements of the Colombian companies holding the minerals claims.
Shareholder and any other applicable Regulatory Approvals, including LCL receiving shareholder approval under ASX Listing Rule 11.4.

Expand

So do shareholders get to vote on the sale. cheers
LCL Price at posting: 1.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

STO

Santos jumps +15% as ADNOC takeover deal digested

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Open: Growing war fears to get Week 25 off to poor start | June 16, 2025

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $8.363M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$1.208K	172.5K

Buyers (Bids)

No.	Vol.	Price($)
1	4390157	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	2909047	7

View Market Depth

No.	Vol.	Price($)
1	4390157	0.007
22	8128725	0.006
13	7330013	0.005
9	9100000	0.004
2	10700000	0.003

Price($)	Vol.	No.
0.008	2909047	7
0.009	1908575	6
0.010	1364016	4
0.011	1492178	5
0.012	600000	3

Last trade - 10.04am 16/06/2025 (20 minute delay)

LCL (ASX) Chart

So do shareholders get to vote on the sale. cheers

Santos jumps +15% as ADNOC takeover deal digested

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Open: Growing war fears to get Week 25 off to poor start | June 16, 2025

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

So do shareholders get to vote on the sale. cheers

Top Stories

Santos jumps +15% as ADNOC takeover deal digested

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Open: Growing war fears to get Week 25 off to poor start | June 16, 2025

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News