Ok, don't like to start unfounded rumours, however after thinking about this I will comment below purely as a thought process:-
I was very curious after last CR that OCJ had increased their holdings over and above entitlement, obviously through on market purchases however they never lodged a notice of the change. They now hold 22.6%.
As mentioned by a few the de listing can be approved by an ordinary resolution, however obviously there will be resistance from minority holders and I would expect that TIO will be ultimately excluded from voting on this resolution.
That leaves non TIO holders with 44.4% of shares on issue and OCJ now hold 22.6% shares on issue. Even if all non TIO shares were voted OCJ now have a simple majority for any ordinary resolution
I sincerely hope this is just coincidence and OCJ do not intend to vote for a delist, however if the above happens we will need some other conditions to prevent - most likely the 10% vote against - perhaps others anyone??
As I say, purely a maths comment and I have no knowledge of what OCJ may or may not do.........
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Last
78.0¢ |
Change
-0.003(0.32%) |
Mkt cap ! $155.8M |
Open | High | Low | Value | Volume |
78.5¢ | 79.0¢ | 77.0¢ | $8.637K | 11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5832 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 4936 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5832 | 0.740 |
1 | 2075 | 0.730 |
1 | 200 | 0.700 |
1 | 10000 | 0.650 |
2 | 65000 | 0.530 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 4936 | 2 |
0.820 | 540 | 1 |
0.830 | 10355 | 1 |
0.870 | 3999 | 1 |
0.890 | 2368 | 1 |
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