Well with 25% of the votes going to WGX, the GCY board is on notice that the FFR deal should not go ahead. At the very least the scheme meeting will be postponed tomorrow morning to allow more time for discussion. Its likely the Takeover Panel approach was to delay scheme allowing time for the offer to open and for WGX to get up to 50%. WGX have shown intent and have been very shrewd to date garnering interest from the shareholder base. No doubt there will be a further increase to get larger shareholders over the line.
Ann: WGX: Important Update to Gascoyne Offer, page-6
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Last
$1.21 |
Change
-0.050(3.97%) |
Mkt cap ! $1.339B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.19 | $10.75M | 8.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20660 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 30800 | 2 |
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| SPR (ASX) Chart |