TAW 0.00% 31.0¢ tawana resources nl

Ann: Change in substantial holding, page-12

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  1. 2,237 Posts.
    lightbulb Created with Sketch. 4001
    You keep rabbiting on about them taking over, but not giving any detail of specifics.

    Weier and Burwill together are going to be 15% of votes and 2/7 board seats. They're outnumbered by Tawana directors (3) and independent directors (3), as well as in straight-out numbers.

    How do they get from that to a takeover? That's not even a blocking stake for special resolutions between the two of them. They can't even stop anyone else taking over, let alone engineer a low-ball takeover themselves.
 
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