It certainly looks like a legitimate deal agreed to by the BOD.
We still have an operating asset until shareholders approve a sale.
If the company fulfils all of its reporting requirements and listing obligations there is no reason why the company cannot trade until a vote takes place. There will then be a period that the company can still trade / remain listed with no asset.
Plenty of cases where this has occurred.
The company can distribute assets (cash if agreed by shareholders) as and when funds become available. The first tranche can be distributed when paid and the 2nd plus interest when paid at a later date if thats what shareholders appprove.
- Forums
- ASX - By Stock
- LLL
- News: LLL Ganfeng Lithium's Unit To Buy 40% Stake In Mali Lithium
News: LLL Ganfeng Lithium's Unit To Buy 40% Stake In Mali Lithium, page-51
-
- There are more pages in this discussion • 98 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLL (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online