Would be possible with 75%, but will take longer. If they get 75% they can issue themselves 25% more shares every year to dilute minority holders. They will want to do this as cheaply as possible. So expect share price to dive if after expiration of T/O bid and them receiving 75% control.
Ann: BCP Energy T/O Bid - Notice of Status of Conditions, page-21
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Mkt cap ! $209.8M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55739 | 85.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 21270 | 2 |
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