SGQ 3.23% 3.2¢ st george mining limited

Ann: Extension to Voluntary Suspension in Trading, page-4

  1. 12,830 Posts.
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    9 out of 10 times when you're so called ' Finalizing Discussions ' regarding a SIGNIFICANT investment and a Corporate transactions is about PRICE......, and then QUANTITY - ie percentage stake and HOW MUCH. So there are THREE main points. PERCENTAGE STAKE = PRICE x TOTAL AMOUNT OF TRANSACTION in shares or in dollars if you already know price. Where is gets interesting I guess is whether the stake / percentage constitutes some level of ' Control ' , and therefore is really tantamount to an ' Offer ' or takeover rather than a ' Material Transaction '.

    Maybe they ( whoever they are ) are teetering close to this threshold and are discussing how far they would like to go or extend this , and that's what the discussion is more about.

    Whatever it is , it sounds quite involved.
 
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3 566800 3.1¢
 

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Price($) Vol. No.
3.2¢ 26966 1
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