if this has been an existing substantial shareholder buying up over the last 2 days, they'll now be up over the 20% mark, and obliged to disclose their TO intentions - they could make a TO offer - even with a very substantial premium to recent VWAP - that would still represent a ridiculously low MC. Directors would find it difficult to recommend against if it was say a 50-100% premium on VWAP. A bargain of a copper resource for some shrewd player. Maybe ?
major raid on share register, page-11
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)