sub s/h notice

here is something interesting

MPO has on issue 245.850m shares

5% of 245.850m shares is = 12.2925m
Gibralt says it has acquired 12.300m shares

If Gibralt had purchased only 7,500 fewer shares on its last purchase on 22 Nov, it could have stayed under the radar, not gone over the 5% limit, under which it would have to identify itself.

If it were me, and if I wanted to purchase more shares, I would have stayed just under the limit, then purchased a bigger parcel, and then lodged the Sub s/h notice.

But s/h should probably ask themselves WHY have they identified themselves for only 7500 shares at 40c? For $3000 they could have remained hidden from the market?

interesting
I suspect the N/A investors did the same calcs we all have done - and figured that, after taking out the cash held by MPO, the market values the other assets at about $4m (?) was pretty silly, and thus MPO represented a pretty cheap bet!

(and of course, they will know the N/A O&G market better than us)
cheers