AZH 0.00% 24.5¢ azimuth resources limited

share price could be in serious trouble ... , page-4

  1. 61,503 Posts.
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    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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Currently unlisted public company.

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