There is a mutiny against the directors´ and Delroy´s plan.
https://hotcopper.com.au/threads/do-not-accept-takover-you-have-nothing-to-lose.7945979/
Sentiment is clearly against the deal.
If you own DCX, you have a change to save your money by voting no at the shareholder meeting.
If you own CMM, ask your directors to vote against the bad deal.
The in situ value of Greater Duchess is about 87 million for CMM, which is about 5% of the value of CMM.
However it is a fee carried interest and therefore more.
It could give controlling position in Carnaby (CNB) possibly starting mining soon.
CMM gives Russell Delroy&Co 87 million property, page-3
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Last
$5.80 |
Change
-0.040(0.68%) |
Mkt cap ! $2.189B | |||
| Open | High | Low | Value | Volume |
| $5.92 | $5.97 | $5.80 | $9.873M | 1.671M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4024 | $5.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.82 | 5600 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| CMM (ASX) Chart |