BillyBoy,
It is my understanding (and I am often wrong) that the ABM board is required to approve such a potential transaction. Supposedly, (and I may be incorrect) the JV terms are such that ABM can still have IGO commit to phase 2 - A$6m earn-in without having to issue the shares to IGO..
If this is indeed true (which is my view) then the ABM board are actually under no legal obligation to potentially issue shares to IGO...
So ask yourself then, why issue the stock? Why would you?
MMM.. What a tangled web indeed..
- Forums
- ASX - By Stock
- oh, what a tangled web
BillyBoy, It is my understanding (and I am often wrong) that the...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.664M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $995 | 497.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 103187431 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 4564001 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 103187431 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 4564001 | 4 |
0.003 | 23430389 | 19 |
0.004 | 5055526 | 7 |
0.005 | 889000 | 1 |
0.007 | 540000 | 1 |
Last trade - 14.08pm 07/10/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |