One of the interesting things GT1 did back in April 2022 was enter into a standstill restriction so that LAC could only buy to 5.2% and needed approval to exceed 9.99%. Presumably this condition was inserted to avoid LAC just taking over GT1 and turfing management. Additionally, it would mean LAC had a lot of dry powder to increase its stake and provide new equity into GT1 when GT1 was seeking capital to get Seymour into production.
This standstill restriction has now lapsed. While it would require raising Seymour build equity from a wider range of parties, perhaps GT1 could shoulder-tap LAC about on-market acquisitions to increase its stake. Any increased difficulty created by LAC now having a bigger shareholding would surely be offset by the on-market demand helping support if not increase the share price.
From April 2022:
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12
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Last
7.4¢ |
Change
-0.005(6.33%) |
Mkt cap ! $23.81M | |||
| Open | High | Low | Value | Volume |
| 7.7¢ | 7.7¢ | 7.3¢ | $65.53K | 891.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93780 | 7.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.4¢ | 26554 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
7.4¢ |
Change
-0.005 ( 1.33 %) |
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| Open | High | Low | Volume | ||
| 7.5¢ | 7.5¢ | 7.3¢ | 95524 | ||
| Last updated 15.56pm 14/06/2024 ? | |||||
| GT1 (ASX) Chart |