There has been a very heavy sell down of MLT over the past 3-4 weeks in the lead up to this announcement, in fact, it is currently at a discount of about 8.4% to the adjusted NTA. While CHO is currently at much less of a discount. (about 4%)
Interesting how the announcement states,
"...should reduce the extent to which the shares in the combined entity trade at a discount to net asset backing, especially for Choiseul shareholders."
I think that anything they do to reduce the discount has got to be good.
- Forums
- ASX - By Stock
- cho/mlt merger
There has been a very heavy sell down of MLT over the past 3-4...
-
- There are more pages in this discussion • 2 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 CHO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online