You could argue that the 44 million cash is actually worth about 10-15% more i.e. 50-55 million to a company who needs to do a capital raising.
Usually a cap raising has to be done at a 10-15% discount to the market. Why not just take over unity with script and pick up the cash without issuing cheaper stock and going through the hassles of a cap raising.
Just for good measure you get the share losses, african interests, henty, eb's to boot.
Also Unity should get on with cleaning up the old site in victoria and get as much back on the 6 million enviromental bond if the deal with catalyst falls through.
- Forums
- ASX - By Stock
- are we set for a take over
You could argue that the 44 million cash is actually worth about...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online