A40 0.00% 8.2¢ alita resources limited

LIQUIDATION & BALD HILL FOR SALE, page-910

  1. 319 Posts.
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    I'm a fellow shareholder and praying hard to get the max returns where possible. I'll play the devil's advocate here and attempt to answer your questions.

    What about Canaccord Genuity valuation of $1.5b and court accepted it!!
    >> The Canaccord case has yet to be heard. Hence, Court has not accepted it. Btw, Canaccord valuation was done in 2022 when spod is usd$6,000. Now spod is below usd$3,000

    Why deal price isn't yet disclose to shareholders for transparency??
    >> As I understood, confidentality of the deal is imposed until Austroid withdraw the Parent Doca and Alita is wound up. They have applied and awaiting approval from ASIC.

    Why mine gets sold without shareholders votings?
    >> Many of us still cannot accept the fact that Alita is under Administration and company matters do not need shareholders approval.

    Are they giving a favour to Chris Ellison to grab a bargain and made several billion out of it??
    >> Anyone can interpret the situation any way they like. Nobody knows for sure. Hence it's an opinion, not a fact. What I understood is MinRes is the only official offer. There are multiple approaches but nothing binding/valid.


    Last edited by EV100x: 01/10/23
 
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