AZH azimuth resources limited
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acceptances now at 51.33%, page-4

  1. Justis
    63,680 Posts.
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    12/06/13
    12:05
    Post #: 11875832
    Acceptances received into the IAF include those of Macquarie Metals & Energy Capital(Azimuth’s largest shareholder)
    representing 16.65% of Azimuth’s ordinary shares on issue.

    Assuming Macquarie Metals & Energy Capital are happy to accept the try offer even if the 90% target is not reached TRY are only 3% or so off being in a position to take control of the board of AZH.

    IMO, anyone who holds AZH and was against the T/O offer will need to reconsider their position.
    AZH Price at posting: 30.5¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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