AVB
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0.00% 16.5¢ avanco resources limited

Don't think anyone who accepted can ask for shares back now...

  1. ascole
    779 Posts.
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    09/06/18
    09:04
    Post #: 33611722
    Don't think anyone who accepted can ask for shares back now which is why they went unconditional...

    If they hadn't accepted would have had the option to take back shares as of Friday.

    Another bidder ie glencore could lob a bid now to make oz match and push up the price for their own stock.

    Or potentially to grab from ozl their holdings and oz makes a couple hundred mill easy cash.

    Oz fully committed now.
    AVB Price at posting: 17.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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