You mean driven down by bots ,to a very low price ,so that the offer, based on VWAP, came with a," premium", to look good.
That was a pathetic 7% of a PLS share which was about 20c at the time., now as PLS going down too we are at 16.5c.
I think the scheme won't get up ,unless PLS has appointed the big banks to buy up on their behalf ?
I think RIO ,may swoop on PLS ,as their Jadar valley Li mine in Serbia is in trouble with the locals backlash and now the Government
sniffing political fallout, backtracking.
There are also questions now in the U.S. congress about the RIO bid for Arcadium ,as Rio has Chinese shareholdings.
Ann: Scheme of Arrangement - Satisfaction of Condition Precedent, page-6
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