ADN 30.0% 13.0¢ andromeda metals limited

? All script takeover of MEP

  1. 5 Posts.
    Fully diluted ADN will have about 2.2 bil shares for 75% of the project. MEP has about 500mil shares for 25% of the project. Why doesn’t ADN offer an all script takeover 1 ADN share ffor 1 share MEP. ADN at 9.7c, MEP 5.3c at present. So would be a sig premium for MEP shareholders. ADN increase their ownership of the project by 1/3 by increasing their shares on offer by less than 1/4. Greater market cap, greater liquidity, more control. It wouldn’t cost ADN any cash as all script. Everyone wins. MEP can even spin off there other interests.
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Mkt cap ! $220.3M
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10.5¢ 13.0¢ 10.0¢ $2.895M 24.97M

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No. Vol. Price($)
6 561406 12.5¢

Sellers (Offers)

Price($) Vol. No.
13.0¢ 2718823 12
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Last trade - 16.10pm 23/09/2020 (20 minute delay) ?
0.030 ( 30.0 %)
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Last updated 15.59pm 23/09/2020 (live) ?
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