CCU 0.00% 5.8¢ cobar consolidated resources limited

possible take-over, page-6

  1. 979 Posts.
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    Substantial shareholders list as of 30 June:


    Magna Resources Corporation Pte Ltd 40,613,340 19.33%
    Lawrence Consultants Pty Limited 21,143,118 10.06%

    Meaning the MD with his 10% blocking stake, gets to pick a price if someone, other than Magna, wants control?

    Don't tell me it is a Chinese consortium seeking 51% ownership... groan.... (see NGF and GDO)

    Interesting timing with that ABC news report on CCU's problems, I was thinking to myself that that it signaled the bottom is in, just as an idea making it to the cover of Time magazine or a feature in the NY Times, tells me the trend is almost over. In retrospect maybe a predator got the story a run.
 
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