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44.5¢ cannon resources limited

Hmmmmmm ....you qualified to give out ADVICE.......?

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10,870 Posts.

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06/01/23

13:22

Post #: 65562616
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Originally posted by cyprus: ↑

Sold all mine as per previous posts as K have over 90% and will obviously go to compulsory acquisition.

The time for hoping another bidder will emerge is long gone.

The bid is unconditional, meaning that the 91%+ K have is all theirs subject to their paying for it, which will happen as they have bought the shares where the bid is accepted. They said they will pay within 21 days.

Convert your options. After 23 January bid close they will be worth only what the market pays for shares after bid close and after option exercise. Assuming they are 30c options you will get 15 cents value for each option.

I took 45c on-market for my shares. Didn't have to wait to receive cash.

Either sell the shares on-market at 45c or accept the bid.

If you don't exercise the options and leave to compulsory acquisition you will have to wait probably 2 months to receive your cash.

This is all over. Just get your cash as fast as you can.

The directors have sold it out.

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Hmmmmmm ....you qualified to give out ADVICE.......?

CNR Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
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