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8.2¢ alita resources limited

I’m not sure - given the deal is not completed and contains...

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Buylowsellhi

246 Posts.

11

04/09/23

11:59

Post #: 69718679
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Originally posted by champkan: ↑

It is intent that Assets and share sale will be a liquidation process.
That is Alita will
> sell the assets that largely are held by the subsidiaries of the Company,
> effectively by the sale of shares of .. the subsidiary

The consideration received by Alita, will be distributed to the Shareholders
And the Independent Professionals ("IPs") will then pursue for "strike-off" /winding up of Alita

As selling the assets and shares, to a listed company will have involved disclosure requirements,
it is likely that the sale of assets and shares will be to private company.
So count Glencore out,.. even if it "best" price
All the IPs concerns will be to erase tracks of any sensitivity to liabilities or claims.

The Consolidation done just prior to the "scheme", was not adequately tight/shut
so while comfortable playing on home ground
So, i am sure, that if not ASIC or ASX.... at least SGX is keeping a close and quiet watch

Explain the consideration received.?

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I’m not sure - given the deal is not completed and contains sensitive information, my understanding is that it does not need to be disclosed. If the deal is leaked (makes its way into the public domain), the acquiring entity would then have to go into a TH until the deal is announced.

all imo

A40 Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
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