well the short answer is, glencore can only buy 3% of Minara each three months, or six months, or something. this is the so-called "creeping takeover" provision of the corporations law. If they buy more than that, they have to make a takeover offer for the whole lot.
Since they bought another 3% in April ( or whenever ), they cant buy any more until July.
well the short answer is, glencore can only buy 3% of Minara...
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Last
$2.01 |
Change
-0.010(0.50%) |
Mkt cap ! $304.3M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.03 | $2.00 | $465.0K | 230.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9520 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 3914 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
| MRE (ASX) Chart |