AGM 1.35% $1.50 australian governance & ethical index fund

lion ore announcement

  1. 5,233 Posts.
    notice in the ann where they say the likely funding is coming from for this purchase from newcrest.
    bye bye AGM shares.

    Pre�]emptive Right and Timing
    Newcrest is conducting a sale process for its 70% holding of the Cracow Gold Mine in
    Queensland. Lion holds the other 30% and a pre�]emptive right which enables it to match any
    accepted offer made for Newcrest�fs Cracow interest.
    Lion is seeking to exercise its pre�]emptive right and anticipates the start of the pre�]emptive
    process will commence in March provided Newcrest receives an acceptable offer. Lion will
    then have sufficient time to exercise its pre�]emptive right. This considerable period is available
    to Lion and could be viewed as a valuable gold price option in the current volatile gold market.
    Cracow Financing
    Lion has several alternatives to financing a potential purchase of 70% of Cracow:
    Existing cash (approximately $70M) 􀀹
    Sale of Investments (e.g. Allegiance) Likely
    Debt Possible
    3rd party finance Possible
    New Lion Equity NO
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Mkt cap ! $27.12M
Open High Low Value Volume
$1.55 $1.55 $1.50 $8.585K 5.7K

Buyers (Bids)

No. Vol. Price($)
2 2394 $1.48

Sellers (Offers)

Price($) Vol. No.
$1.50 5420 1
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