AZS 0.00% $3.69 azure minerals limited

Ann: Trading Halt, page-249

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  1. 1,437 Posts.
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    Reply to @carmat

    If he sells to us at $2.44, no change.

    But he won't, why would he. His 40% would command a massive premium = more AZS shares to be issued to him = more dilution = near term SP drop.

    Also, no-one has mentioned that an acquisition of a substantial asset from a related party requires shareholder approval, and with the premium it deserves that might be difficult.

    But as posted above, what's in it for him to do it now?

    Last edited by Gmeister: 24/10/23
 
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