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Glencore wanted discovery and to do due diligence. DA wouldn’t...

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burnhi

159 Posts.

7

10/09/23

19:20

Post #: 69803146
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Originally posted by BT6487: ↑

Don't fall for the Australian headline - There was never an offer from Glencore for $1.8B. Glencore wanted to aquire the asset (for a free unknown, but most likely to be on the cheap) and then wanted to re-list for $1.8B which likely would have been by issuing lots of new shares and massive dilution for existing shareholders. The $1.8B headline is sensationalist

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Glencore wanted discovery and to do due diligence. DA wouldn’t allow, hence Glencore “leaked” to media.

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Held
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0 Great analysis

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