If it is a completely new bid you are correct. You only get the higher offer on this bid if it occurs. So say they upped offer to 5c and extended to 16 August, you get the 5c if you had previously accepted off market. If the offer closes and at some point in the future they do a new takeover bid this is only for shareholders who are current. I do know they cannot do a new offer once this closes for a certain period of time but I am not sure how long that is. I. E. If bid closed Thursday they can't launch a new takeover offer next Monday. Hope this makes sense. I would advise doing own research on this as takeovers have a lot of little rules and regulations.
AGO Price at posting:
4.3¢ Sentiment: Sell Disclosure: Held