I do not think that is rightit needs 75% share acceptance (...

First 26 Last

Share
Profile

Follow
BOZENA

265 Posts.

64

12/04/22

14:10

Post #: 60808103
Share

Originally posted by zebster: ↑

Thanks. Yeah, I'm aware of that. I thought you were suggesting a third as many "no" votes as the original combined PPT & AF holdings. I now understand what you were getting at.

As mentioned in my earlier postscript, I now see that PPT is sub-5%, which might change things -- esp. wrt to PPT's influence.

The required 75% of acceptances only needs to be 75% of the votes cast on the day (i.e. of those who show up to vote, not total SOI). The participation rate is unlikely to be anywhere near 100%. Those who do participate in voting invariably end up punching above their weight for either camp. This behavioural dynamic tends to favour those with larger holdings who are more likely to take an interest and show up to vote, which I'm sure you're well-aware of.

Assuming the extra 51c is enough to satisfy the IE, I think it's probably a "yes" lock at this juncture. Unfortunately the IER is only designed to address the fairness and reasonableness of the bid today (right now), with little-to-no
weight given to future prospects, including the future direction of the broader investment thematic and how that might impact on the future value of the company. My professional training fully appreciates and understands why, but it won't help those SHs who aren't natural willing sellers today. That's what the vote is for.

Expand

I do not think that is right

it needs 75% share acceptance ( either by voting at tgemeeting or by proxy)

AND the killer which know one has mentioned

50 % SHAREHOLDER( ie by individual holding) APPROVAL

WSA Price at posting: $3.85 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RDN

Raiden gears up for exploration in final quarter of 2024

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Reporting wrap: Inghams, Accent, Mayne Pharma

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

There are more pages in this discussion • 15 more messages in this thread...

First 26 Last

Add WSA (ASX) to my watchlist

I do not think that is rightit needs 75% share acceptance (...

Top Stories

Raiden gears up for exploration in final quarter of 2024

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Reporting wrap: Inghams, Accent, Mayne Pharma

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

Featured News