No - once you have got to 90% the balance is bought on a compulsory purchase basis. Right now KIN and an associated shareholder now have about 12% so all they need to do is to is get to 78% (where about 76%) and a deal with KIN - who say that they do not wish to block a full takeover but "want a seat at the table" no doubt to toll mill some of their nearby ore. I understand if GMD close the deal and wait 4 months they can do a "special" deal with outstanding Shareholders to get to 90%
Ann: Extension of Offer Period for Takeover s650D, page-3
Add GMD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.90 |
Change
0.015(0.80%) |
Mkt cap ! $2.126B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.90 | $1.86 | $4.830M | 2.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 62411 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 89938 | 7 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GMD (ASX) Chart |