How long does compulsory acquisition process take?
I would think min...6 - 8 weeks, with Jinchuan selling there now remains approx 26M left in retail hands...ie buddy134, etc etc.
These have to mopped thru either on-line buying and/or ZFX now has to go thru the T/O laws and issues various notices of the intention to acquire your shares, one of which gives the holder 30 days to review and object...ofc with zfx now hlding 97+%, chances are that you would successful be nil, but you get another 30 days delay if that is your goal. :)
What are my chances of holding off selling to ZFX until after June 30?
I say good, there is only 7 weeks til June 30th...it will be touch and go but I would not think ZFX could clean up all outstanding AGM shares get them de-listed off ASX etc etc in under 8-10 weeks.
Trust this helps.
Cheers Muzza
AGM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held