From what I have read the 2% NSR stays.
COB can say whatever they want. If they are in the wrong (as I suspect they are, especially their convenient accounting of how much BPL owes) then the dilution will not occur as COB says.
If COB are correct, then it is a hall of fame blunder by BPL and their lawyers. The contract was so terrible that it allowed COB to force them out completely with very little effort. I sold half my BPL and bought COB when I saw the contract.
But it is because of the fact that COB has not acted as a JV partner, but rather a competitor trying to destroy BPL that I hold hope for BPL. The essence of a JV is a partnership for mutual gain and COB have not acted in good faith since they pulled out of the earn in.
Here's to a quick outcome either way.
Ann: COB: JV Withdrawal Notice Served, page-5
Add ARR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $125.8M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $20.69K | 81.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 100591 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 10963 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
26.0¢ |
Change
-0.010 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 25.5¢ | 26.0¢ | 25.5¢ | 21832 | ||
| Last updated 14.24pm 04/06/2024 ? | |||||
| ARR (ASX) Chart |