Ok Tedi own about 6.6% of fnt at the moment with 16.5 Million shares. To launch a takover you have to own 20% of a company at a minimum.
Say if they aquire a further 9 Million shares at 23c ( $2m Approx) in this raising, they will still only have about 25-26 Million shares.
So to launch a takeover they would need to buy a further 28 Million shares at 23c Minimum, as FNT won't need to rattle the tin for a fair while yet Ok Tedi would be buying on market which would put an enourmous amount of pressure to the buying.... :)
Then it has to go to the board and get the majority so along way off but just putting it out there...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $10.00K | 3.254M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 9281342 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 22503540 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 9281342 | 0.003 |
52 | 59144228 | 0.002 |
20 | 95923078 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 22503540 | 26 |
0.005 | 10580157 | 14 |
0.006 | 18111224 | 15 |
0.007 | 8911573 | 13 |
0.008 | 25970000 | 9 |
Last trade - 12.25pm 02/10/2024 (20 minute delay) ? |
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