No on-market trades have gone through at $1.10 today - so...

No on-market trades have gone through at $1.10 today - so Zinifex has bought no shares on market today so far.

The really interesting thing is that if this is a new entrant, then they could build their stake up to 20% and Zinifex can't do anything to stop it because Zinifex can't raise their price until a superior proposal is offerred. A new entrant doesn't have to submit a takeover offer until they hit 20%, so the new entrant could just have their buy orders in at $1.105 and cherry pick orders at $1.11 and keep Zinifex out of the game on the on-market trades - this would limit Zinifex to only increasing their stake via their acceptances received off-market.

Interesting days ahead..