BCI 0.00% 31.5¢ bci minerals limited

Ann: Completion of Retail Component of Entitlement Offer, page-2

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  1. 190 Posts.
    lightbulb Created with Sketch. 23
    This looks interesting. Australian Super has picked up 432 million additional shares as sub underwriters from the retail entitlement short fall. That's almost all of the shortfall, leaving aside a million or so for other. That's in addition to the 476 million they declared in their substantial shareholder notice released to market on 9/2. Generally underwriters don't hold on to their shares and dump them on the market but I wouldn't expect Aus Super to do that as it will just destroy their investment.

    Do they know something we don't.


 
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