CBH coolabah metals limited
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Its a partial takeover and they already own 24.1%. Therefore...

  1. djzab
    408 Posts.
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    16/03/10
    12:47
    Post #: 6454394
    Its a partial takeover and they already own 24.1%. Therefore they are proposing to buy 25% of your holding (at worst) at 25c, you will then be left with the balance and the stock will continue to trade on the ASX...

    Not really a great result as share price likely to fall to pre bid (12-13c) level afterwards...

    Doesnt solve any of CBH's funding issues etc. Just makes Toho's stranglehold on the company stronger.
    CBH Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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