Worth remembering that with Station and Standard Pastoral accepting the changed terms it may set a model for other large holders in at low prices - eg Khazanah (and anyone else from that first top 20 list who has fallen off the list but may have retained or sold only some of their shares.)
And on top of potential for changed sentiment amongst ‘Team Cicero’ ( ie the earliest investors who paid comparatively low prices) there is the new institutional support from Cumulus who paid much higher prices - not as much as RCF, but still the revised offer looks as though it is now acceptable to a much wider range of shareholders
…..and the market today agrees given the buying;
ASX VWAP as of 20 minutes back was just under 24.5c according to stockness monster;
