MCR 0.00% $1.39 mincor resources nl

Calls from Sydney, page-8

  1. 5,176 Posts.
    lightbulb Created with Sketch. 2347
    It's fiendishly easy to work out.

    Simply look at Wyloo's further reduced 282.8m bid volume at $1.40 as at COB today. Now, knowing that Wyloo's original bid volume was for the outstanding SOI it did not already own and also that it cannot withdraw any part of its bid at this particular juncture, one can easy deduce that at COB today it now has its foot on ~47.24% (i.e. 1 - (282.8m unfulfilled bid / 536m SOI)).

    This represents an increase of 5% from yesterday's on-market activity (per this morning's disclosure of 42.21% as at COB yesterday). Therefore, the vast bulk (5%) of today's 5.7% turnover went to Wyloo.

    Expect an updated F604 to reflect today's activity tonight or tomorrow morning.

 
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