Also I believe that Affinity Equity Partners would have very deep pockets in regards to a lightweight $120 million micro-cap firm such as CGR. They had no problem taking out ScotPac and I would think this would not present too much of a problem to them (IMO). COG's move may have been a bet each way. If an offer is not forthcoming from ScotPac then they have shored up their voting rights although some have cast doubt on the legality of that in previous posts. If an offer does come then they can make a little arbitrage profit on a 60c+ offer from ScotPac.
Ann: Becoming a substantial holder from COG, page-11
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.01M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $549 | 3.139K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31061 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 52716 | 1 |
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| EPY (ASX) Chart |