I was concerned "Stonehorse Energy" might be an aggressive take-over target considering its enterprise value.
So i did some research on how likely this is.
The ASX has a number of rules that control the acquisition of large parcels of shares in a company.
A very good read was:
"https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/the-20-rule/"
After reading this and articles from the ASX it appears to me that a aggressive takeover is less likely, of course this does not apply to a friendly takeover or to groups of people forming a trust or cooperative and controlling the company.
At 5%, i think the owner has to declare their ownership to the ASX.
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