Ok Tedi own about 6.6% of fnt at the moment with 16.5 Million shares. To launch a takover you have to own 20% of a company at a minimum.
Say if they aquire a further 9 Million shares at 23c ( $2m Approx) in this raising, they will still only have about 25-26 Million shares.
So to launch a takeover they would need to buy a further 28 Million shares at 23c Minimum, as FNT won't need to rattle the tin for a fair while yet Ok Tedi would be buying on market which would put an enourmous amount of pressure to the buying.... :)
Then it has to go to the board and get the majority so along way off but just putting it out there...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $9.778K | 3.259M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 41662685 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 3439755 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 41623685 | 0.002 |
16 | 65990999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 3167000 | 3 |
0.004 | 23451959 | 29 |
0.005 | 14806578 | 15 |
0.006 | 12567081 | 15 |
0.007 | 3785801 | 10 |
Last trade - 11.30am 23/08/2024 (20 minute delay) ? |
LNR (ASX) Chart |
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