Australia's largest stock trading and investment forum Australia's #1 stock forum

A40

Click for more information

0.00%

8.2¢ alita resources limited

Yeah but who gave the Judge what fair price would be?? but as...

First 1212 Last

Share
Profile

Follow
hell

1,669 Posts.

177

01/11/23

11:40

Post #: 70663473
Share

Originally posted by unicrumba: ↑

Why screwed? They have to pay out Aust and in return, Aust has to hand over their shares, the rest of shareholders will be the next step.

The minimum buy price would have been set during the hearing, there is no way a Federal Judge would have approved the deal otherwise, the independent valuer report only comes into play if a higher valuation than what was agreed to by Minres comes in.

Not long to go...anything under AU$1bil is a bargain buy for MiN, but still very good for holders..MIN is buying this with the view of where ROW/non China demand will be for the next 10yrs and what prices will be for Li...keeping in mind that the EV transition has just gained critical momentum and the affordable/mass market segment is not even serviced yet, those vehicles are coming to non-China markets around now and in half decent numbers in, but they are still ~2 years away from non Chinese manufactures, so the demand curve is ok now but still very low from where it will be.
All IMO

Expand

Yeah but who gave the Judge what fair price would be?? but as most have stated it has to be better than zero

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 709 more messages in this thread...

First 1212 Last

Add A40 (ASX) to my watchlist