Once the remaining 9,874,796 20 cent GWR options have been exercised FAS will only have 22.6% acceptances! NO WAY THEY CAN GET 50% (there will be 110,533,987 GWR heads, only 24,989,678 have accepted the bid)
NOW WHO IS AGAINST THE BID?
~25% already against including Falak, Franckes and the directors who stated they wont accept the offer
+13% the new institutional investors (no investor in there right mind would accept the bid unless they are connected to John)
+~20% small share holders who own less than 100,000 shares
THIS LEAVES ~38% staunchly against the takeover with another 20% also having no reason to accept the offer due to directors recommendations that offer is not resonable leaves ~58% strongly against and 19.4% most likely against with only 22.6% for.
THIS leaves FAS very desperate, harassing phone calls and lying letters didn't work so they have increased their offer from 5 for 1 to 7 for 1, they still have no chance, Kate you used to talk a lot about 1.5 million ounce gold resource now its changed to a cash offer what happened to that? im guessing they wouldn't have increased the offer to 1 for 7 if they had cash to offer, as this increase in the offer gives FAS even less in the proposed merged group.
- Forums
- ASX - By Stock
- GWR
- fas only has 22.6 percent
fas only has 22.6 percent
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GWR (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.3¢ |
Change
-0.004(4.60%) |
Mkt cap ! $26.66M |
Open | High | Low | Value | Volume |
8.7¢ | 8.7¢ | 8.3¢ | $5.194K | 61.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 174590 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 174590 | 0.083 |
1 | 250000 | 0.082 |
1 | 190000 | 0.081 |
2 | 135000 | 0.080 |
1 | 6798 | 0.078 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 279000 | 2 |
0.110 | 55500 | 2 |
0.115 | 15384 | 1 |
0.120 | 62375 | 1 |
0.130 | 50000 | 1 |
Last trade - 14.21pm 04/10/2024 (20 minute delay) ? |
Featured News
GWR (ASX) Chart |