I reckon that notice says more than it appears.
One can see that Hancock's holding is STATIC - ie only 26.17%.
Thus IMHO, it confirms again, that there has been no further acceptances into the H bid.
I thought that the Acceptance Facility would be popular with the bigger shareholders left on the WGO register - but it appears not??!!
I am pretty sure that H must announce any acceptances utilising the Acceptance Facility?
and IF that is in fact the case, then there is no way the H bid will get anywhere near the 40% level - unless either MIN or STX sell into the H bid.
If the remaining s/h are not accepting into the H bid, it narrows the path - ie either accept the STX bid, do nothing and remain a s/h in WGO, or sell on-mkt.
- Forums
- ASX - By Stock
- Ann: Hancock Energy - Notice of Status of Defeating Conditions
I reckon that notice says more than it appears. One can see that...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)