Looks like Plan A has failed.
Plan B is then to threaten to delist and mass dilute i speculate.
5 days passed no sub holders notice
meaning less than 1% has been acquired
the last notice was 61,6%
meaning saturation point has arrived looks like.
Looks like 30% of holders including his so called mates UBS IGO of 13% are NOT SELLING.
And this stunt regarding threatening delisting at 61% with minority holders is pure blackmail.
You cannot delist from ASX with only 75% holding, you need 90.1% min to even consider doing that and he is nowhere near that.
What the holdouts want is greenmail not blackmail.
Yet with 61% he can spill the BOD and start mass dilution to fund the mill build as he did with other stock such as ANL AGO AHZ POS.
In POS in 2018, 2B shares were issued diluting small LTH to oblivion and that was when he had only a pathetic 7% holding.
Here he has 61% and a compliant BOD so I guess if he cant get to 75% then thats his plan B I speculate.
What a great philanthropist, charitable worker, fighter for the homeless & Australian of the year yet again throwing another 50,000 aussie battlers under the bus like he did in ANL AGO AHZ POS.
LOL.
