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
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $296.0M |
Open | High | Low | Value | Volume |
16.5¢ | 17.5¢ | 16.5¢ | $796.5K | 4.693M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 951177 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 127016 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 931177 | 0.170 |
16 | 864837 | 0.165 |
11 | 1127228 | 0.160 |
6 | 822151 | 0.155 |
6 | 556383 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 60735 | 1 |
0.180 | 168070 | 5 |
0.185 | 118016 | 3 |
0.190 | 177453 | 4 |
0.195 | 497806 | 5 |
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