I was only going by memory but i thought BON and UCL have 45% each in the JV and some other small group own the remaining 10% (Something to do with original owners of land or indiginous people)
If MAK accept UCL's offer then MAK will own 43.5% of UCL AND BON as a combined company (from regulator above) and then with the extra 8% wouldn't that mean that as we have control over UCL (over 50% of shares) then we have control of UCL's orginal portion(45%) and BONs original portion(45%) of the JV adding up to 90% with the 10% remaining as i stated above.
Correct me if i am wrong i had a quick look for the annoucements to check the details but couldn't find them.
This was just from memory so they are bound to be wrong in some way but i think my point still stands that it has some merit
I was only going by memory but i thought BON and UCL have 45%...
Add AEV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.74M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.042K | 808.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3206611 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 10146562 | 14 |
View Market Depth
| Last trade - 12.31pm 10/07/2024 (20 minute delay) ? |
| AEV (ASX) Chart |