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.
MCR Price at posting:
$1.40 Sentiment: None Disclosure: Not Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.
