If International Commodity Finance out of Hong Kong (they hold just over 25%) accept, that will get LG to just about (or above) 50% pending other acceptances still coming in.
If ICF accepts, LG will probably see another price jump which will encourage even more CGT holders to accept. It might also weaken the CGT share price because holders on the ASX know that the majority holder will no longer be advocating on behalf of CGT shareholders... rather... they will be advocating on behalf of their LG holders on the SGX. Signature Metals is a prime example of what could happen. IMO, if this ICF in Hong Kong accepts, that's it.
CGT Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
