No - once you have got to 90% the balance is bought on a compulsory purchase basis. Right now KIN and an associated shareholder now have about 12% so all they need to do is to is get to 78% (where about 76%) and a deal with KIN - who say that they do not wish to block a full takeover but "want a seat at the table" no doubt to toll mill some of their nearby ore. I understand if GMD close the deal and wait 4 months they can do a "special" deal with outstanding Shareholders to get to 90%
Ann: Extension of Offer Period for Takeover s650D, page-3
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Last
$2.10 |
Change
-0.085(3.90%) |
Mkt cap ! $2.389B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.14 | $2.08 | $4.854M | 2.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 58228 | $2.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.10 | 156838 | 38 |
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| Last trade - 14.05pm 09/09/2024 (20 minute delay) ? |
| GMD (ASX) Chart |