Just looking at this Announcement on the bid for LRF (ASX:LRF- worthwhile keeping an eye on their forum).
Being a 19.44% holder in MOY, it is in the interests of LRF for our share price to remain very steady. IMC has specified that LRF needs to retain a certain NTA for the bid to go through. Given the chaotic nature of the markets, anything could happen. It is also in the interests of IMC to have the MOY share price remain steady (or go up!) not only because IMC are a MOY shareholder, but also because they have offered a fixed price for LRF, but if the MOY share price rises, IMC gets more bang for their fixed-price buck.
- Forums
- ASX - By Stock
- LRF
- Ann: Bid by IMC For LRF
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares