TIO NZ’s board of directors highlight the following reasons for Rutila Shareholders tolisted company
accept the Offer:
1. The Offer represents a significant premium to trading levels before the
Announcement Date
2. The all-cash Offer provides certain value. Yes Shame you don,t feel the same about FMS Holders.
3. The Offer provides you with an opportunity to avoid the short-term funding, project
development and operational risks associated with Rutila’s projects and uncertainty
around Rutila’s ability to repay existing debt. Who has to wait for the production of the ore?
4. The Independent Director recommends that Rutila Shareholders accept the Offer and
has stated that he intends to accept the Offer in respect of his own shareholdings in
Rutila in the absence of a Superior Proposal and subject to the Independent Expert
concluding that the Offer is fair and reasonable
5. TIO NZ considers that the likelihood of a rival bidder emerging with a Superior
Proposal is low
6. The trading price of Rutila Shares may fall if the Offer is unsuccessful
7. There are risks associated with being a minority shareholder in a closely held publicly
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TIO NZ’s board of directors highlight the following reasons for...
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Last
74.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $147.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 490 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 4936 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 490 | 0.800 |
1 | 146 | 0.745 |
2 | 305 | 0.740 |
1 | 2075 | 0.730 |
1 | 15151 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 4936 | 2 |
0.820 | 2173 | 2 |
0.830 | 10355 | 1 |
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
Last trade - 07.45am 16/08/2024 (20 minute delay) ? |
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INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
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