Yes, if they keep extending the date will get pushed back.
With regard to when that happens, I'm pretty sure if they get 40% acceptance they'll waive the 50% condition making in unconditional, See below from page 43 of the Bidder's Statement
"In the Bid Implementation Agreement, HCM has also agreed with Bradken that it will not waive the Minimum Acceptance Condition, until HCM has obtained a relevant interest in at least 40% of Bradken’s Shares."
BKN Price at posting:
$3.25 Sentiment: Hold Disclosure: Held
