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Ann: Takeover Bid for NME Extension of Offer Period, page-27

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s1r1us

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26/07/22

17:20

Post #: 62736832
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Originally posted by Money made ↑

For MCT to still pursue the takeover of NME but struggle, is not a good for MCT. Also, none of the resolutions that were put forward at the AGM for the spill of NME didn’t pass. MCT have a major obstacle here that I doubt they will overcome any time soon.

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Imo they need to scrap off market TO and pursue an on market bid for a limited time to purchase an additional 9m shares.
They'd then have enough votes to pass resolutions.

MCT Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 2.7¢		Change -0.001(3.57%)		Mkt cap ! $16.70M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.7¢	$41.42K	1.491M

Buyers (Bids)

No.	Vol.	Price($)
4	954807	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	50000	1

View Market Depth

No.	Vol.	Price($)
4	954807	0.026
8	1747400	0.025
5	1409600	0.024
2	72000	0.023
2	73412	0.022

Price($)	Vol.	No.
0.028	50000	1
0.029	469619	3
0.030	1124999	3
0.031	212350	2
0.033	325000	2

Last trade - 13.46pm 04/11/2024 (20 minute delay)

ARI (ASX) Chart