There it is, the expected 2 week extension as she aint got enough.
She cannot get 80% let alone 90%.
FMG will have to respond soon imho.
Even if Gina has 60% they cannot compulsorily acquire until 90%-95% so AGO will remain listed with a new BOD, new management, better terms, better cashflow and financials and some rail deals.
Gina may move to control the BOD and sweep the old BOD but they may not be able to convert the debt to equity or move to dilute FMG out as that may be viewed as oppression of minority shareholders rights.
Im sure FMG has examined all the legal and strategic options already and realised they cannot lose. So a deal will need to be struck and I cannot see FMG selling at any price.
Either way we will have an EGM and a proxy battle for the directors based on a very tightly held share register and AGO will remain listed indefinitely unless FMG sells which I cannot see them doing.
