re: Ann: Cornerstone Investor standstill obli... Mission,
Actually I have to revert to disagreeing with you, politely.
The sp is actually a lot higher now in USD terms than when the placement was made, as the AUD was much lower then. I am sure GRAM think in USD.
As for buying more, they can only go to 23% within 6 months, so I'd have thought if they were going to do that then they might already have crept up towards 21%.
Notably as they need permission to go above 25% they by inference need permission to be eligible for a 2nd director.
I suspect they might be interested in getting to know PNA better, and to better learning how to work with PNA, and I've expected they might be just as interested in partnering with PNA in projects as in acquiring a bigger stake in PNA - all speculation only though. The Chinese are known for their patience in building business relationships.
EL
Ann: Cornerstone Investor standstill obligation i, page-5
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