Jay, offer closes at the end of the week and is now free of condition, try have taken control of the board and could more to de-list but I imagine it would be easier/neater to get the 90% of AZH and more to compulsory acquisition of the remaining shares.
Note try now have 85.95%, if the where to convert the convertible notes they would have over 90%
At the price AXH are trading now it is the same as buying TRY, if you had brought AZH a couple of weeks ago you would have gotten into try at a discount, I presume that was because the was a risk the deal would not go through.
If you liked AZH, suggest you look at TRY. Great little company, producing gold, no debt and a proven track record of developing low cost gold mine quickly.
This is not investment advice DYOR
AZH Price at posting:
25.0¢ Sentiment: Hold Disclosure: Not Held
