The more TIO acquire up to 50% then the better off remaining holders may well be. Why? Because as the pool of remaining shares declines the less TIO has to acquire at a revised price post 6th June meaning they have the capacity to increase the per share offer price in the next round as there is less volume to acquire.
My view is expect around 4 cent per share. I know I know not enough for some but this is about the next possible offer not what many want for it.
Flip your thinking...
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