Ibeara ageed to pay 2.25m for an extra 4% of the entire project so that values the entire project at 2.25m x 100 / 4 = 56.25m now AZM retains 53.5% of the project so AZM share of project worth 56.25 x .535 = 30.09m hence AZM per share given 782m shares is 30.06 / 782 = 3.85c per share yet they only offer 2.8c per share so the bid should be min 3.85c plus a premium for control say 50% so 5.75c GLTAH
AZM Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
