OZL has offered to buy out IXR's share of Cairn Hills non-iron rights for $5m cash and cancellation of OZL's holding in IXR shares. In which IXR will place new shares for around $8m replacing the same amount of shares cancelled on OZL's holding, not diluting the interests of existing holders.
http://www.asx.com.au/asxpdf/20121119/pdf/42b8t0vvj4dk7w.pdf
I think this should of deal is good and a win win for both parties, as OZL never was interested in iron ore, thus takeover of IXR was never on the cards.
Hopefully if CUL can at least do a similar deal with AQA with this regard to the sale of Mt Stuart Iron JV.
- Forums
- ASX - By Stock
- CUL
- ozl-ixr deal
ozl-ixr deal
-
-
- 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
Add CUL (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.467M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 3636632 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 14802551 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 3636632 | 0.005 |
6 | 3475439 | 0.004 |
5 | 3273328 | 0.003 |
4 | 7338868 | 0.002 |
4 | 13793888 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 14802551 | 6 |
0.007 | 4476666 | 5 |
0.008 | 1238156 | 5 |
0.009 | 110000 | 1 |
0.010 | 90000 | 1 |
Last trade - 10.02am 27/08/2024 (20 minute delay) ? |
Featured News
CUL (ASX) Chart |
Day chart unavailable