It is the dilution which getting it worse to under 20% immediately. You are not buying Latitude, but they are
selling you non-mineable resource and pile of permit applications for 80% of your property
DCX shareholders will have 18.6 - 19.6 % after the takeover
and public offer, See the announcement pages 28-29.
https://hotcopper.com.au/threads/ann-transformational-acquisition-gold-cobalt-development-project.7934120/
Ann: Transformational Acquisition Gold-Cobalt Development Project, page-38
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