Agree totally. Have been involved in several consolidations over last 2 years and all failures.
TLS has 11b shares. https://au.finance.yahoo.com/quote/TLS.AX?p=TLS.AX
AUZ needs to either buyback or pay a dividend (payoff loans first) before consolidation.
Consolidations have not added any benefit in the last 2 years to any Company. Check the list.
GXY decided to consolidate as they hoped to list in Hong Kong soon to finance SDV and James Bay. My feeling is that with what is happening with the likes of Great Wall/PLS etc that GXY jumped into consolidation too early, rather than wait for a minor partner like SK has with AUZ.
Retailers with money are going to the miners. Its a different ballgame.
Cheers
I'll be disappointed, page-14
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $2.197K | 299.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 14814624 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1366647 | 11 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |