UMC united minerals corporation nl
Add to My Watchlist 0.00% ! $1.30

did citi just buy more shares?, page-3

  1. jv123
    321 Posts.
    lightbulb Created with Sketch. 33
    clock Created with Sketch.
    20/10/09
    18:22
    Post #: 5806836
    Anything in this? - or can we now conclude BHP are behind Citi.

    1. They sell down their holding in order to keep the sp capped at ~90c level.
    2. BHP then approach UMC with the offer.
    3. UMC announce proposal to market at premium cash offer (~40%) - trading recommences on 16th/10.
    4. Citi up their holding to 5.68% voting power on the 16th/10 (...good chance Citi have also been buying yesterday and today and now own a whole lot more than 5.68% voting power) - I guess we will find out shortly by those whom can post the BUYing/SELLing for these recent days.

    What a farce, tho' entirely legal!

    Am I reading too much into this?
    UMC Price at posting: $1.27 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Copper and Base Metals Targets Confirmed at Minbrie with Drilling Ahead
right-arrow Created with Sketch.
NEWS Modelling Confirms Exceptional Heat Sink Performance for VHD Technology
right-arrow Created with Sketch.
NEWS Anson Adds 100 Strategic Claims to Green River Lithium Project
right-arrow Created with Sketch.
NEWS BPM Acquires High-Grade Forelands Gold Project with Near-Surface Mineralisation
right-arrow Created with Sketch.
NEWS Activeport Secures Network Transformation Contract with Ishan Technologies
right-arrow Created with Sketch.
VMM Colossus PFS Unlocks World-Class Project Economics and Positions Viridis for Global Leadership
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.