ASX Today, page-32188

Be it Gina or other, ALB is not required to make a new offer

However if ALB doesn't make an improved offer, there are million ways to slow play or sell what they have and bow out or keep what they have and bide their time. (all they have to do is file relevant notices to keep the market informed)

Once ALB reaches 20% threshold, asx limits how many more shares they can buy organically on market every 6 months aka SevenWest takeover of Boral, without Takeover offers.

T/O offer doesn't become final until ALB says so, there is no limits to improved offers.....

Even after Final/Last bid in 4 months a new T/O bid can be made again if the other bidder have not finalised or never had the intention of T/O just a controlling stake


However an improved offer is likely, but until ALB reaches 20% they can do it in stealth to some extent