ARH 0.00% 0.5¢ australasian resources limited

resourcehouse ipo june 9, page-11

  1. 353 Posts.
    See page 160 of the Resourcehouse prospectus:

    "Australasian Resources could not be injected into our Group because Australasian Resources is a public listed company and such an injection, whether structured as an asset acquisition or a share acquisition, would have required independent shareholders' approval, which is outside the control of Professor Clive F. Palmer."

    It may already be on the cards - prospectus is just flagging it would need approval from independent shareholders (that is the rest of us minorities).

    I'm ready to approve for the right deal Clive so Giddyup me old mukker.

    Given the number of times Australiasian gets a mention in the prospectus you'd think it already WAS part of Resourcehouse. Will only be a matter of time imo..........
 
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Currently unlisted public company.

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