ADD 33.3% 0.2¢ adavale resources limited

the tapan deal is done and all secured !, page-43

  1. 868 Posts.
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    Hi Trees.... I'm speculating the bid gets taken at two point two.... then a discounted and very cheap placement engineered at two cents... If as Waynecat suspects its a fully underwritten offer to all existing share holders..... I would agree with his accessment and recommendation that as many holders as possible take up their entitlement..

    We need the checks and balances in place that a diversified share register offers..... one large controlling stock holder emerging would not be a healthy outcome for this company.... especially if fully under written by whom we suspect... given his track record to date...
 
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