AUL 0.00% 28.5¢ austar gold limited

Corporate Acquisition and Capital Raising, page-29

  1. 11,416 Posts.
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    "Its now suspension after suspension."

    False, it's the same suspension extended so that trading doesn't occur during negotiations, and leaks do not unfairly advantage.


    "The longer it is suspended, the harder it is to come out of suspension."

    False, all it takes is a letter to ASX advising that trading can resume.


    "After this, they will need to convince a skeptical base of shareholders to fork out Money, as the target company will be in a worst financial position (being unable to raise capital themselves)."

    Octangonal proposed $5m injection into CTL, not sure why it was not agreed to. Furthermore the advantages of local processing of ore at MS and the current gold price make a compelling case.
 
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