BIG burrendong minerals limited - withdrawn

@gustaaf Well the directors hold 43M shares of the 220M - 20% of...

Currently unlisted. Proposed listing date: WITHDRAWN
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    @gustaaf

    Well the directors hold 43M shares of the 220M - 20% of the company.

    At the suspended price it is $95M. Not chump change by anyone's standard.

    Not sure of the ramifications of shares approved at AGM but not issued yet?

    Further to that I would guestimate that Top 40 shareholders would represent 75% of the 220M of stock.

    That leaves around 50 odd million owned by the rest.

    If you picked up 30 odd mill you could probably get to 90% with those shareholders which would be a compulsory acquisition territory.

    If an when it reopens there would be some smart cookies with Deep pockets getting ready especially if the US is doing well.

    Cheers
 
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