OGX
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0.00% 0.3¢ orinoco gold limited

anglo takeover question, page-2

  1. CrazyRon
    178 Posts.
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    09/02/17
    19:39
    Post #: 22498853
    @Bathboy

    More than 19.99% they would need to make an offer. However if they get additional shares by underwriting this offer (which I strongly suspect they will) there's no legal reason for them to make an offer under these circumstances.

    Happened to me with NTU a few years ago. Effectively increased holding as a result of a capital raising if its underwriten is excluded.

    Cheers.
    OGX Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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