AZM - Azumah Resources

[Althom]

Good that you do not post in the threads to do with climate, because you never did know much about it.
On topic, AZM has very little cash, and no present financing facility, so will require a very large capital raising if it is ever to proceed. The takeover offer gives it a chance, and often there is a subsequent small increase to the initial offer, so maybe there is fractional upside.
Not a stock I was ever interested in, but if I had shares I would be accepting the offer price.

Unfortunately if you'd have bought when the project was actually capable of being developed you be out of pocket by ~$0.50/share

 

[Althom]

Yep, these guys a model for the climate alarmists. Just keep putting out statements saying that in the next x number of years something will happen, but, NADA. Joke.

Apparently the takeover offer should be rejected because of, amongst other issues;
"The role of project manager may provide Ibaera with an informational advantage regarding the potential value of Azumah Shares"
Are they actually saying that the Board hasn't kept up with what Ibaera has been doing?????

 

[System]

On February 20th, 2020, Azumah Resources Limited (AZM) was removed from the ASX's Official List in accordance with Listing Rule 17.4, following despatch of the compulsory acquisition notices by IGIC Pte Ltd UEN 201727890K.