FML 15.2% 14.0¢ focus minerals ltd

a good sign for the to perhaps, page-4

  1. 83,432 Posts.
    lightbulb Created with Sketch. 75
    hi recyug,

    I was speaking to someone on the weekend about this associate voting thing.

    It just seems crazy if associates are not allowed to vote.

    What if 99% of shareholders agreed to a takeover (that makes them all associates) and 1% didn't?

    By Stones hopeful thinking - only the 1% could vote on material matters?

    How dumb is that?


    As to Stone making a superior offer before the 31st - wow, possible, but fraught with danger I would have thought.

    There is no way they could have done dd in this short space of time even if they had access to the books - and to my thinking (I could be wrong) but I would have thought a bidding war would be a dangerous game.

    Also - if Stone come in with a superior offer - isn't that only relevant to shareholders who haven't accepted yet?

    Only exception would be if fml extend beyond the month or if a shareholder hasn't accepted yet.

    Do I have this last bit correct?

    have a great day

    Pinto
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
-0.025(15.2%)
Mkt cap ! $40.11M
Open High Low Value Volume
14.5¢ 15.0¢ 14.0¢ $34.69K 242.4K

Buyers (Bids)

No. Vol. Price($)
5 132799 14.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 4616 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.