People need to read between the lines here. I got this from the FIRB website: "The acquisition of assets of an Australian business valued at more than $219 million require approval under section 25 of the Act".
I think it's pretty safe to assume that MEO will not sell all of its assets as part of this deal. It sounds like they will set up a joint venture and sell some assets in to the JV. Based on this information, to require FIRB approval, the deal would have to be greater than $219m in value. That's roughly 50c per share or more for a 'share' of any JV company. Therefore, could MEO get 50c+ in cash and still be left with a percentage of the JV?
Not sure if i'm missing something here?
I can completely understand why people have been scared off by this. And to be honest, there are probably a lot of people in this stock who don't have the stomach for it and should not be in it anyway. But it's important to think of the big picture folks.
- Forums
- ASX - By Stock
- MEO
- firb
firb, page-5
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online