Gina's not stupid, she can buy 18/19 % just under ASX T/O rules and get a seat on the board. Having spent 1.2/1.3 billion AUD she would probably obtain shares for being a board member. Then be able to T/O the company at a big discount to market price. Whilst receiving all price and dividend benefits. IMHO that is what's going on. ALB will need to significantly increase there offer as the 2 major holders would own over 30% of the company plus all the long term holders would make upto over 60% of the company. ALB will have to stump up $4.00 a share which still probably won't get it done. Gina is for Gina but if this is the outcome, then I say great. In the end if do go under her Hankock Umbrella we will all be well rewarded.
Gina's not stupid, she can buy 18/19 % just under ASX T/O rules...
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Last
$1.23 |
Change
0.000(0.00%) |
Mkt cap ! $2.970B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.22 | $7.836M | 6.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39539 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 12600 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
0.000 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.26 | $1.22 | 2016924 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LTR (ASX) Chart |