AGC australian gold and copper ltd
Add to My Watchlist 3.33% ! 15.5¢

Ann: Transformational $10.1M investment into AGC, page-8

  1. robbo24
    11,344 Posts.
    lightbulb Created with Sketch. 1885
    clock Created with Sketch.
    21/09/23
    10:30
    Post #: 69952560
    I'm not too sure shareholders will be happy with it though.

    Giving away control of the company when all explorers are absolutely rooted doesn't necessarily seem like a great idea.

    Exemption 7 under s 611 of the Corporations Act (http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s611.html) is referred to in the announcement today. An independent expert report will be prepared for the purpose of the meeting/transaction.

    This is the relevant exception:

    https://hotcopper.com.au/data/attachments/5595/5595936-d1b06ac7d725b5c800bcebd0ba52eef0.jpg


    New South Resource and MAG will not longer have the ability to block special resolutions with their combined holdings either.

    Will have to ponder the transaction... Don't hate it because it provides money for exploration, but don't love it because who are these people who are going to have control over the company?
    AGC Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS How Do You Trade? Take Our 1-Minute Survey & Share Your Style
right-arrow Created with Sketch.
NEWS Red Mountain to map, sample Quartz Reef after landing big alluvial nugget haul
right-arrow Created with Sketch.
NEWS Many Peaks accelerating gold hunt in Côte d'Ivoire after assay 'justification'
right-arrow Created with Sketch.
NEWS High-grade monazite-rich mineral sands discovery confirmed at Minta Est
right-arrow Created with Sketch.
NEWS Uranium ignites: Is this the start of a supercycle?
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
15.5¢ 		Change
0.005(3.33%) 		Mkt cap ! $39.77M
Open High Low Value Volume
15.0¢ 15.5¢ 14.5¢ $30.33K 201.8K

Buyers (Bids)

No. Vol. Price($)
8 195367 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 23878 2
View Market Depth
Last trade - 16.10pm 24/06/2025 (20 minute delay) ?
AGC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.