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23/11/23
20:26
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Originally posted by Mentalist123:
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Ok spoke to a broker today. Seems a bunch of WA guys buying the TBA shell only. Receivers to sell off the tenements. We shareholders retain 20% while the new guys get 80%. Have no idea what the deal is or how much they are paying but there are angry creditors lined up im told by the receivers. I’m told new directors are not mining guys, so maybe have a new business. One is ex stockbroker from Perth that’s all I know so far. I’ve asked my lawyer to do a company search so should have details tomorrow. Hope none from the previous debacle on the board.
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when u say that the shareholders retain 20% of the company, does this mean that our shareholding will be further diluted?