I dont think it is possible as their % is only a voting %. They have to do this to meet the 5% major shareholder rule and the over 19.9% takeover rule. They are actually individual shareholders, so to get taken out one shareholder of the group would have to take out the others or all of them accept a bid from an outside party, which all shareholders would be able to accept. I am sure Posco and Red Rock wont be accepting anything at these levels. Legal action forget it , costs too much, cost me 20t to defend an action brought by directors a few years ago my barrister wanted me to keep fighting it, but the directors can use company money , I had to use my own.We decided to leave each other alone in the end.
JMS Price at posting:
4.9¢ Sentiment: LT Buy Disclosure: Not Held
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