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24/07/18
20:30
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Originally posted by ozzieKochie
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Dyor....
I have it that the law says she cannot buy even one share above her bid price or she has to pay the higher price for all shares she has obtained during the bid. (There were a lot of posts pertaining to this in the beginning)
The caveat is during the bid price, so if the offer ends, or someone makes a counter offer and she doesn’t re-bid nothing happens, the shares are traded at 4.2c and they are then hers. If she ups the offer I do not know what happens to all that jumped and sold to her at the lower price.
Or so I understand it to be. It doesn’t bother me because I believe it is a safer option to hold and wait and see- the momentum of sails (oops guess what I am buying with my shares) has not swung in her favour yet.
Owned PGO sometime back and held with intent to get a higher price but didn’t get it as everyone else sold such that they got to 90% and delisted, buying my shares automatically. That was at a loss, I stand to make a profit with AGO
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Hey Ozzie ...how does the rate of Hancocks accumulation - the fact that Fortescue has 20% and our overall shareholder profile compare to your previous experience? DYOR