"the sale of the placee’s shares contributing to QGold acquiring voting power in Strategic Minerals of at least 75% (being the threshold required under ASX Guidance Note 33 to apply for the delisting of Strategic Minerals), which had the potential to coerce shareholders to accept the takeover bid"
This delisting threat has been the theme since the last TO attempt. Then they had the gall after the first TO to put their hands out for money to the market.
Bloke thinks he can do what ever he likes. Hope he ends up going broke and living on the streets. People like this don't understand win win. He comes to the market, uses the small shareholders to get what he wants and thinks he can just disappear with the spoils.
Well done Veronica for standing up for what is right. Esh
SMC Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
