Atlantic Lithium Ann: Potential Takeover

Atlantic Lithium: Potential takeover ANN came out today, Mon, 4 Apr 2022.
There have been unsolicited offers for ALL and as such the co has appointed Cannacord.
However, no takeover price mentioned nor acquirer's name/s.

Market Cap of Atlantic Lithium: £341.99 Million.
Share price: 59.61 British pence +18.27%
Listing: London.
DGR : Holder of 10.5% in Atlantic Lithium per last account dated 31.12.2021 given it is a daughter co.

POTENTIAL TAKEOVER:
DGR has a mkt cap of A$73.62 Million @ 0.076c
Even at £341m [Atlantic Lithium] mkt cap before takeover premium = A$594 Million
[FX £1=A$1.7376].

This represents A$62.37 Million to DGR @10.5% stake in Atlantic Lithium vs DGR mkt cap of A$73.62m.

If a takeover for Atlantic Lithium goes through, then a PREMIUM could be added per industry norm for any takeover.

Pity that Vincent Mascolo, CEO of Atlantic Lithium was not here to see the fruits of his labour.

sol1
4 Apr 2022, Mon
HL does not trade Aussie shares so ticked not held for DGR.