"triggering AN INDEPENDENT VALUATION" Spot on Xerof ..and that...

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vespasian03

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17/04/18

16:06

Post #: 32506687
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Originally posted by Xerof ↑

I think you're right about BR Paul. IMO, being the possible conductor of this orchestra in the first place, they will accept without doubt, even if a higher offer comes in, OZL will match it, and BR will go with OZL. They only pulled back from a pre-bid agreement, coz that would have put the starting line for OZL at over 30%, triggering AN INDEPENDENT VALUATION, which everyone, except the BOD of the bidder, and seemingly, the target, don't want. Just as well they have M&A lawyers handling the finer detail eh? what a pickle they could have been in.

To those who are fearful, feeling bullied, and thinking of taking the 16 cents on-market bid, remember you have time on your side before anything needs to be done. If you sell now, there is no upside for you, if you wait, who knows? At worst you might eventually accept the offer, currently valued at 16.56 cents

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"triggering AN INDEPENDENT VALUATION"
Spot on Xerof ..and that also begs the question as to why our BOD did not get one for the benefit of all shareholders. Anyway the market action today was interesting indeed....Kalenn's excellent post starting this thread may just be getting some close attention.

AVB Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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"triggering AN INDEPENDENT VALUATION" Spot on Xerof ..and that...

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ASX Today: Miners lift market as gold hits three month high

Capital Compass: Askari Metals advances Ethiopia strategy as permitting remains key focus

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