Any thoughts as to when management are going to do the placement :-
- As soon as the motion is carried at the AGM or shortly after
- Or a month or more later, when the SP is higher (hopefully) after some drill results are released
I was thinking that the placement might be issued to the winning party(ies) as part of the TO terms
looks like that won't happen - see page 10 section 4.2. (e) (ii)
So if I am reading it correctly a TO means these shares won't be issued?
Or the placement is just a backup for AVZ if a TO does not eventuate?
Where can I find listing rule 11.2 Disposal of main undertaking?