ERM will farm in to MEL, not a T/O, so their capital outlay will be staggered.
Based on their FY announcement it looks like they will then tip EGO,ROG & MEL deals into a new ASX listed vehicle and probably keep a 20% holding.
erm warms up partners for nsw bid, page-4
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.987M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $12.23K | 2.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 13646050 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1119403 | 2 |
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| Last trade - 10.54am 02/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |