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ASIC APPLICATION TO THE TAKEOVERS PANEL (UNACCEPTABLE CIRCUMSTANCES)., page-16

  1. Mr.Lumin
    1,379 Posts.
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    10/05/24
    13:40
    Post #: 73764148
    Quick calculation shows about 240 million shares have changed hands since the scheme/takover announcement.

    That's about 18% of shares on offer voting yes, IF those shares weren't bought with the intention of blocking the deal.

    Minimum vote to proceed with the scheme is 75%

    Very, very unlikely.
    GNX Price at posting: 26.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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