Board and management have apparently accepted the offer in relation to their holdings so there is 7% of the 8% acceptances.
I imagine institutional holder (37%) would take a bit of time to reach a decision but still looks like the take up is a bit slow.
Update on conditions is end of next week and at this stage offer closes a week after on the 14/6 so still plenty of time for share holder to sit back and wait for any developments.
Note I read that if TRY gets over 50% acceptances they may look to take control of the board of AZH and look to delist it so IMO if TRY gets close to 50% the remainder will not want to be left with shares with limited liqudity
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EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
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