IMO I doubt he will exceed the formal takeover %. I believe he has taken his position because he can see that with positive drill results someone like LYC or the Chinese will pay big dollars for his position. I don't believe he wants to be in the mining business (investment is his game) although he may take a seat on the board to protect his large investment.
I am super happy to have collected a large amount of the fully paids and both options. My investment is for a longer term view with the potential for an eventual takeover and or development of a good HRE resource. Looking very good IMO.
conglen yue is buying up again , notice reciev, page-20
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2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $147.0M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $130.2K | 6.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 7913038 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 278360 | 4 |
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| NTU (ASX) Chart |