And so......please excuse my ignorance, however if this was to happen what would some possible scenarios be for a lowly small holding shareholder such as myself?

Is this likely to be a good or bad thing?

Well, it's all speculation, so anything is possible. The downside could be that it gets taken out at a price not reflective of its true value. The upside is that it gets taken out at a price that is not reflective of the true value.. (but in the other direction!). Or it could just be that you now hold shares in an unlisted company.. (unlikely, I'd imagine, but I've seen it before.)

Or maybe nothing happens!

I reckon you are onto something @RobW.

Banya will very soon know what price to pay if they are planning to add 3DP to their Christmas Stocking.

That will be a point of difference to the market which has pushed the price all over the place in the last few years.

It's been a 30 bagger from $0.025c in the covid crash to $0.80 and now down over 90% from that high point.

The board only own 8.5% if you include Ian's wife (I think), Jennifer & Ian Olsen hold 7.4% so they are a sitting duck for any hunters with the ammo and stomach for this sort of deal.

One potential blocking stake is the largest holder who is Cartovista Pty Ltd with 14.85% holding. They are a GIS mapping company in Cottesloe - just up the road from the 3DP office in Subiaco. So not sure if the relation to 3DP is purely financial but I'd guess there's more to it than that...

@Strawman summed it up well, could be anything or nothing, but I reckon it's likely something in between (i.e. I have no idea).

Disc: Held

Hi Pheadrus

Any such deal would likely present upside on the current share price. The downside is if a deal is settled at say 12c, you get an immediate windfall vs today's share price, but then denied all the potential for highly profitable growth over say, the next decade. Almost akin to when a large established Company buys a small Company with great potential. Even if the large Company structures a share offer, your interest is diluted via the returns ex a mature Company. There are exceptions of course. Would not be the case with Banyana as it is not a listed entity and from my Research has no listed partner Companies in their stable.

Rob

Thanks Rob

That is pretty much along the lines of what I was thinking but nice to have it laid out so clearly. I hear you on the potential upside loss and as a shareholder I still have faith in that upside - however having ridden them up and down it feels like I am always left hanging when the quarterly's / yearly's come out. I think the current share price shows I am not Robinson Crusoe in that regard.

Anyway, even if it went out with a bang at 12c at this stage it would simply decrease the amount of tax credit I could claim on the loss!