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Creasy “he doesn't seem to have a board seat on AZS”. He...

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adesso

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04/11/23

20:42

Post #: 70730008
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Originally posted by dolcevita: ↑

True.

Someone has to buy out Creasy's 40% of the tenement at some point. He's an unlisted company. Therefore the kingmaker.

Nothing to stop him refusing to deal with Gina or CE but it would be dysfunctional and bring the entire development to a halt. His 13% share holdings are part of it and he doesn't seem to have a board seat on AZS so director's duties won't apply but that amount isn't enough. Creasy should have bought a bigger interest in AZS shares to protect the deal from falling over but he's famously tight.

But as long as CE is buying above $3.50 it won't save SQM being able to do an off market takeover with the alternative offer.

So if SQM want to hang around it's partnerships or nothing at least they retain the 25% off take right they for their $20mil (although at arm's length and commercially competitive terms).

CE seems to be still buying onmarket on Friday to tighten the grip after the reporting in the 1 Nov notice.

Commentary on the takeover and shenanigans.

https://www.businessnews.com.au/article/Mark-My-Words-October-27-2023

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Creasy “he doesn't seem to have a board seat on AZS”. He does.

Annie Guo is the Creasy Group GM. She is a non-exec director of AZS.

AZS Price at posting: $3.85 Sentiment: Hold Disclosure: Held
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