RXM 1.11% 45.5¢ rex minerals limited

Ann: Rex enters a A$393M Scheme Implementation Deed with MACH, page-87

  1. 54 Posts.
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    From what I read under the scheme scenario I think they have to disclose all their shares in the impending presentation to shareholders to vote on. Don't know when that's coming. This is already in play so I don't see how they can buy more shares themself and backflip via a majority vote wouldn't that be market manipulation because wouldn't they essentially be providing price sensitive news and if you're benefiting from that by buying shares at a discount to takeover in another form surely that's illegal / false advertising? Upon reflection I feel the price might be karma for Aussies bartering the indonesians down on their bintangs all those years.
 
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