VRM verdant minerals ltd
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Don't accept this first-round, low-ball offer! Don't sell., page-5

  1. Timnea
    993 Posts.
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    11/03/19
    14:37
    Post #: 37721018


    Avanco went to compulsory acquisition. Given the info below I don't think it can happen in Verdants current situation because of SOLs blocking stake.

    http://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=panel_process/summary_of_takeover_provisions_in_australia.htm

    SOL is in a prime position to make a higher bid and take control if it wants to.
    VRM Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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