Consolidated Minerals Ltd

Judgment date: 26/08/2007
Court: ATP
Judge: J Keeves, A McCleary and S Withers
Citation: [2007] ATP 20; BC200708866;
Catchwords: Corporations;  Takeovers;  Misleading statements;  Unacceptable circumstances;  

Corporations;  Takeovers;  Unacceptable circumstances;  Deadline statements;  

Corporations;  Takeovers;  Unacceptable circumstances;  7 August letter;  

Corporations;  Takeovers;  Unacceptable circumstances;  Ambiguous statements;  

Corporations;  Takeovers;  Unacceptable circumstances;  Allegations of impropriety or improper motive;  

Corporations;  Takeovers;  Unacceptable circumstances;  Analyst's presentation;  

Corporations;  Takeovers;  Unacceptable circumstances;  BDO Report;  

Corporations;  Takeovers;  Unacceptable circumstances;  Conditional equity commitments;  

Corporations;  Takeovers;  Orders;  Corrective statement;  

Corporations;  Takeovers;  Consideration;  Revised consideration under proposed offer;  

Corporations;  Takeovers;  Disclosure in letter to shareholders;  Disclosure of valuation methodology;  

Corporations;  Takeovers;  Efficient market;  Disclosure;  

Corporations;  Takeovers;  'Holding letter';  Purpose of 'holding letter';  

Corporations;  Takeovers;  Disclosure;  Intentions of substantial shareholder;  

Corporations;  Takeovers;  Intentions of substantial shareholder;  Hearsay;  

Corporations;  Takeovers;  Shares;  Long term share plan;  

Corporations;  Takeovers;  Media;  Market sensitive statements to media rather than ASX;  

Corporations;  Takeovers;  Disclosure;  Material omission of information;  

Corporations;  Takeovers;  Role of media;  Media canvassing undertaking;  

Corporations;  Takeovers;  Directors;  Motives of directors;  

Corporations;  Takeovers;  Shares;  Most recent share price;  

Corporations;  Takeovers;  Shares;  NTA valuation;  

Corporations;  Takeovers;  Shares;  Post-merger valuation;  

Corporations;  Takeovers;  Shares;  Publication of valuation;  

Corporations;  Takeovers;  Shares;  Share entitlements of managing director;  

Corporations;  Takeovers;  Reliance document;  Characterisation of reliance document;  

Corporations;  Takeovers;  Reports on ASX;  Long term share plan;  

Corporations;  Takeovers;  Efficient, informed and competitive market;  Qualified statements;  

Corporations;  Takeovers;  Current market valuation;  Snowden Report;  

Corporations;  Takeovers;  Offers;  Statement of intention to revise or vary;  

Corporations;  Takeovers;  'Supportive of its initiative';  Clarification of meaning;  

Corporations;  Takeovers;  Valuation of target;  Supporting valuation;  

Corporations;  Takeovers;  Valuation;  Valuation using quoted market prices;