NH3 nh3 clean energy limited

Just an update to my rant last night. I received a call from a...

  1. 641 Posts.
    lightbulb Created with Sketch. 97
    Just an update to my rant last night.

    I received a call from a company representative this morning.

    I was advised that the retraction of the scoping study was released as soon as LMB was advised of the request. I was told this was a grey area, that the company was debating with ASIC and the ASX in favour of what they orignally realeased. Numerous solicitors were consulted but they realeased the information as they got it.
    The trading halt for the progression of the merger was also advised from a legal department as well. The company was under the impression that by releasing the one page document confirming the go ahead of the merger would put ease in the minds of the holders and bring stability to the SP.
    As for the due diligence and the recent announcement. I was advised that the company had conducted a thorough investigation. However a representative of Hengda had leveraged off the shares to take out a loan. Currently LMB is in the process of potentially restructuring a new agreement to benefit the shareholders. If this new agreement isnt met, walking away from the deal may be an option.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
6.5¢
Change
-0.001(1.52%)
Mkt cap ! $41.36M
Open High Low Value Volume
6.6¢ 6.6¢ 6.3¢ $112.3K 1.734M

Buyers (Bids)

No. Vol. Price($)
1 100000 6.4¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 30000 1
View Market Depth
Last trade - 13.48pm 18/07/2025 (20 minute delay) ?
NH3 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.