@ Galvanise said "Next few weeks will be interesting, financing is subject to documentation. SFR block could trade to an acquirer and a t/o launched from here without risk of a blocker".
I agree with your thinking.
Can anyone answer if the SFR sale of A$97m ADT shares went to only ONE company (ie & not stockbrokers etc. who distributed these $97m of shares to various clients)?
And when will we know for certain if it was only one beneficiary, & their identity?
If the full SFR $97m went to only one beneficiary, a Takeover possibility still very much exists.
(SFR's recent major purchases meant it could no longer have funds needed to also takeover ADT- which the market clearly recognised, but this fact did not stop the SP increasing to $3.35 on 12.10.21)
Personally, the completion of finance, & the virtual certainty the mine/s will proceed (together with imminent drill results) is a huge vote of confidence in ADT.
I was happy to increase my ADT holdings at $2.80 today.
Ann: US$244.5M Proposed Project Finance Package, page-80
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$3.26 |
Change
0.230(7.59%) |
Mkt cap ! $912.5M | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.38 | $3.18 | $2.010M | 614.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7234 | $3.26 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 16600 | 2 |
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