Wildcat Flies, SLR Moves for Red5, Develop Scheme ‘Not Fair’

There were plenty of news drops late on Friday plus a load more today to keep us busy.

First up is Wildcat (WC8) who have merged from suspension with lithium results that the market is loving.

We provide an update on the Abyssinian 249D which went to a vote on Friday, then talk of another company who are in the midst of corporate changes at VHM limited (VHM).

Next up is Develop Global (DVP), where the Independent Experts left MD Bill Beament with some ripping quotes in the AFR by classing the scheme with Essential Metals to be ‘not fair but reasonable.’

Red5 (RED) came on our radar with a big block of stock changing hands and turning heads, with Silver Lake (SLR) being identified as the buyer.

Last up, De Grey (DEG) dropped their annual report late of Friday, which gave us an excuse to snoop through and have a yarn about their upcoming and hot anticipated DFS.

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Chapters:

(0:00) Preview

(1:01) Intro

(5:31) Wildcat flying on lithium hits

(21:43) Abyssinian shareholder go to vote

(24:32) VHM ringing the board changes

(27:29) Develop’s takeover of Essential deemed ‘Not Fair’

(36:09) A block of Red5 stock changes hands, Silver Lake the buyer

(45:50) Pre-empting De Grey’s DFS