I think the SP is due to move north aggressively now. PacRoad mopping up Pybar (shares and options) is a good sign. If I was PacRoad and given that AMI has hit the production milestones that form part of the Glencore debt facilities, I would be thinking about getting the share price up as high as possible and forcing Glencore to convert their debt to equity at 50cents+. PacRoad have plenty of time to make that decision.
If I was Glencore, I'd be running the numbers to see if I should bid now before the price moves too far north but I think if that is a scenario then Glencore have left it too late.
I wonder where Yunnan Tin (11% shareholder) sits in all this. The other curious thing is that I thought a company can only exercise options provided they do not breach the 3% creep provisions. If anyone knows why PacRoad were able to go from 24 to 33% plus signal their intent to acquire a further ~2% without triggering the takeover provisions I would like to know but in any event and just for curiosity, I will go back over the shareholder approvals given because it could just be a case of permission having been granted to go over 3% in any 6 month period.
There can be no doubt in anyone's mind that this company is now safe, secure and has a bright future ahead of it that shareholders will participate in.
Well done team PacRoad for pulling the strings perfectly!
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $312.9M |
Open | High | Low | Value | Volume |
18.0¢ | 18.8¢ | 17.5¢ | $735.3K | 4.053M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 61150 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 96883 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 671971 | 0.175 |
10 | 764745 | 0.170 |
9 | 532831 | 0.165 |
12 | 674331 | 0.160 |
7 | 567288 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 96635 | 1 |
0.190 | 555022 | 9 |
0.195 | 324457 | 11 |
0.200 | 312923 | 9 |
0.205 | 72000 | 2 |
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