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deals with related parties cannot be done without regard for all...

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Sceptic111

216 Posts.

60

07/06/18

23:10

Post #: 33579979
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Originally posted by Ase13988 ↑

If ozl reach 50% and get 3 board seats with the intention to raise funds through CR to develop the mines. Can't they dilute existing shareholders by doing a private placement of up to 15% say 60m of market cap to themselves at a discount price or say 12 cent a share? Do this once a year for two years, sp will quickly fall to a ozl desired amount, ownership % will be higher and mop it all up then? This is how high growth projects will be progressed, value will be unlocked and shareholders will not benefit from the duiltionary sp.

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deals with related parties cannot be done without regard for all shareholders.

AVB Price at posting: 17.8¢ Sentiment: Hold Disclosure: Held
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