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26/11/19
14:01
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Originally posted by Hiddenvalue:
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My guess and purely speculation is they are past the 20% now, it appears that the purchase from Maca was done over a couple of days and parcels for a reason. Very strange that the purchase advised in change notice puts them just under 20% with a further 7% still to be advised. Could be just to buy extra time before the market knows that they hold 20% or more. Just my opinion, however we will know this by at least Thursday.
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They can't be over the 20% as this would need to be disclosed to market via ASIC continuous disclosure provisions.. I like everyone though am interested in whether or not a takeover proposal may be forthcoming as it's a logical thought to have.