PDY 0.00% 0.7¢ padbury mining limited

True Discotear, and I don't expect them to go away any time...

  1. 13,187 Posts.
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    True Discotear, and I don't expect them to go away any time soon. Mind you, they must be very disappointed by the dismal support they received after an intense campaign to win votes.

    17% is a long way off 51%, a third to be exact. BUT, when you consider that around half of the 17% included themselves, their families and friends, they only managed to sway less than 10%. The difference of 10% to 51% is 41%. This means that they would need to convince an additional four times the number of shareholders to change sides. Can't see that happening anytime soon. Not unless they increased the takeover price by a substantial amount.
 
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