Intrepid’s Share price mounted after takeover Implementation Deed with A1C

  • Sep 19, 2018 AEST
  • Team Kalkine
Intrepid’s Share price mounted after takeover Implementation Deed with A1C

Intrepid Mines Limited’s (ASX: IAU) share price advanced by 28.75 percent on 19 September 2018 after the company announced that it has entered into takeover implementation deed in respect of an off-market takeover offer to be made by Intrepid for all the issued ordinary shares in A1C (AIC Resources Ltd).

Under the takeover bid, Intrepid is offering 1 Intrepid share for every three shares of A1C.  Under the ASX Listing rules, this transaction is classified as ‘reverse takeover’ and it is also subjected to the approval of Intrepid shareholders.

This offer will provide several benefits to both A1C and Intrepid, as the combined entity of both companies will have a large contiguous land holding which is highly prospective for base metals and gold in Western Australia. The combined entity will also be benefited from strong cash balance and the general and administration costs will also reduce which will allow the entity for more ground expenditure. This offer is subject to various conditions like receipt for acceptance of minimum 90% of A1C’s shares, successful competition of Mumbwa and Kitumba copper projects of Intrepid, and approval of intrepid shareholders.

In company’s financial result for six months ended 30 June 2018, the loss before tax from continuing operations was $456,000 which was $1,356,000 a year ago. The Company’s total comprehensive loss attributable to owners was $612,000 or $0.06 per basic and diluted loss per share compared to $17,785,000 or $1.05 per basic and diluted share a year ago. Basic and diluted loss per share for continuing operations was $0.03 which was $0.08 previous year. Net cash used in operating activities was $822,000 compared to $926,000 a year ago.

IAU’s share price traded at $1.03 at market capitalization of $11.03 million as on 19 September 2018 (AEST 4:45 PM).

Dividend Stocks

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.



All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK