AFR: FMG won't rule out improved AGO offer, page-8

DYOR:

At this point HPPL as only acquired 164m shares (1.77%) on-market at 4.2cps, so any increase in bid offer these 164m shares don't get the higher bid, but the 254m share (2.7%) off-market do get the higher offer.

On-Market to date

	Column 1
0	164,006,185
1	1.77%

Off-Market to date

	Column 1
0	253,841,022
1	2.74%

I would expect those SH that accept the HPPL offer will do so through the off-market process, unless cash is required quickly for some other reason.