Nicely summed up Dalley - the key is that they had no choice but to declare the T/O approach before they raised capital, otherwise legal breaches.
There is no placement to outsiders. We are not being diluted. Existing insto shareholders virtually all took up their entitlements (99%). I will certainly take up mine.
The consistent message that almost all agree on on this forum is weak management. That has caused the share price to be weak. Classic takeover situation with co undervalued due to lack of faith in existing mgmt. Thus the approach shouldn't be surprising and may well lead to an actual offer. I am sitting tight on my holding.
ASZ Price at posting:
71.0¢ Sentiment: LT Buy Disclosure: Held
