Evolutions Acquisition of East Kundana JV, page-9

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maersk

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23/07/21

13:44

Post #: 54722540
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Originally posted by stockanalysisguru: ↑

It's been quite a while since I've analysed the ownership structure of tbr/rnd. The below are from comsec (first one tbr, second one rnd), not sure how accurate it is. From memory Sierra Gold is effectively AB? So does AB own 65% of tbr? If so a takeover or even effective control of either tbr/rnd would be near impossible without AB selling, though I suppose based on the below rnd would be a possibility without AB. I am interested in this so please update me on the ownership structure if my understanding isn't up to date, because yes I do see it as a possibility that evn would play for a full takeover of tbr/rnd given they've already taken a sizeable stake in tbr and certainly seem very interested in the EKJV assets.

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AB doesn't own 65% of TBR, it's just the reporting convention that both parties need to report their interests, even if a double-up occurs.
I've even seen triple-ups and more, when interested parties have multiple corporate holdings and family members who are required to report.

RND Price at posting: $1.50 Sentiment: Buy Disclosure: Held
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Last $1.81		Change 0.000(0.00%)		Mkt cap ! $102.6M

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$1.81	$1.81	$1.81	$51	28

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1	2906	1.720
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1	1242	1.610
1	550	1.600

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1.810	5000	1
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Evolutions Acquisition of East Kundana JV, page-9

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Evolutions Acquisition of East Kundana JV, page-9

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