CDV 0.00% $1.08 cardinal resources limited

Ann: Shandong Gold - Response to Nordgold conduct - Update, page-28

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  1. 3,823 Posts.
    lightbulb Created with Sketch. 64
    Correct me if I am wrong

    Nord have 149m 27.8%
    Shandong have 69m 12.9%
    Samson have 40m 7.2%

    So to get 30% for Shandong's extra 2.5 cents looks like they are trying to force either Nord to sell into them.

    Directors have pledged but I don't know if they are in the substantial notices? Would they get to 30% if Samson vends in? I presume they have structured the 30% threshold to force either Samson or Nord

    https://hotcopper.com.au/data/attachments/2753/2753739-1fd16c19e6a5fa57326bca4a4d48b718.jpg
 
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