Apologies if someone has already posted about the Top 20.
I think a definite hurdle for the offer, if the generally unhappy tone is widespread across all of us retail, is the fact that the percentage shares of Top 20 is very low, only 21.5%:
https://www.asx.com.au/asxpdf/20220928/pdf/45flwrldw20gjh.pdf
And the percentage of small investors is very high, at least 40%, could be a lot higher 50-60%.
Despite the Board endorsement, a no vote may have a chance. Where that leads to is anyone's guess?
GLTAH!
Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-104
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