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56.5¢ orecorp limited

SVM just increased its holding during 17th of Jan - 2nd of Feb...

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yohanesk1

1,246 Posts.

60

08/02/24

07:00

Post #: 72295492
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Originally posted by BerserkWarrior ↑

In short, the law! Neither can buy on market whilst their respective off market offers are active.
Suspect it's an arbitrager punting on an increased cash offer from PRU. 35 million shares in ORR have traded on market since Jan 22 above the PRU offer price......many as you note by someone placing large stand in the market orders. That's already 7.5% of the register, yet no Substantial Shareholder Notice has been lodged.....not to say it isn't impossible for a 3rd interested party but considering the holding of both Silvercorp and PRU it would make their task well, almost impossible.

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SVM just increased its holding during 17th of Jan - 2nd of Feb while its offer is still active.

ORR Price at posting: 57.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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