Endless - no such thing as acceptances in the mail for this.
What is the endgame? If RMS end up with over 25%, that become a significant stake in terms of any Special Resolutions(requiring 75% approval) and certainly means that AVO don't have access to the cash flow of DIO.
Who is to say that RMS also don't end up with 45%?
Unless AVO steps in again soon, RMS will be able to greenmail for a much higher price at some future date.
I think today the market has spoken.. AVO share price DOWN and DIO share price UP, and RMS basically unchanged.
It has not been a good result for AVO - as much as it is being presented as some sort of victory.
arbitrage opportunity, page-7
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Last
$2.03 |
Change
0.070(3.57%) |
Mkt cap ! $2.322B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.05 | $2.00 | $8.278M | 4.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 134172 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 92774 | 5 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |