Ann: December 2022 Quarter Production Update, page-18

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Spec_hope

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16/01/23

10:07

Post #: 65707013
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Originally posted by BrucieKibbutz: ↑

You can go over with Creep. I can't tell you the exact numbers involved sorry spec but Creep is allowed.

The general Idea is you can hold over 20% if you only add say 1% a quarter.....

Edit: others have answered but here is the definition i found.

Exceptions to the 20% rule
The basic concepts described above effectively force someone who wants to acquire control of a company or managed investment scheme to only do so through one of a limited number of exceptions.
Those exceptions are designed to ensure that the three main principles are followed.
The three most common exceptions to the 20% rule that are relied on by persons who want to acquire control of a company or managed investment scheme are
an on-market takeover bid;
an off-market takeover bid; and
a scheme of arrangement.
In common language, all three of these types of control transactions are described as a 'takeover'.

There are other exceptions to the 20% rule, including target securityholder approval, 'creeping' acquisitions of no more than 3% voting power in a six month period, and acquisitions as a result of rights issues or underwriting arrangements. However, those methods are less effective in reaching 100% ownership.

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Thanks bruccie, well if that is the case, I think that GOR should be creeping up the register as much as rules allow.
GOR Price at posting: $1.81 Sentiment: Buy Disclosure: Held
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0 Great analysis

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