"They would also need to hold 85% of shares to force a takeover"
Phosphate is in the Strategic Minerals list, but not a Critical Mineral (unless I'm mistaken?). May find it difficult for Hebang to launch a takeover sometime down the track. You'd have to be disappointed in the federal govt I'd they let a foreign entity take full control of the largest phosphate asset in Australia. But I guess disappointing people is what govts do best.
Ann: Response to ASX Price Query, page-112
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $9.167K | 833.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5834004 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1309232 | 3 |
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