Once a buyer buys on market more than 20% of the shares in a company (except under 3% creep rule provisions) then they have to launch a full takeover bid.
If they get more than 90% acceptances (i.e once they get to 90% ownership) it moves to compulsory acquisition - you have to sell and they're obliged to buy. (protects you and them).
There's not going to be a takeover bid. (highly highly unlikely anyway).
In relation to a resource update - what leads people to expect that the quarterly will include some revised resource estimates?
Once a buyer buys on market more than 20% of the shares in a...
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $2.969M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $8.188K | 4.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 29049421 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 32776894 | 14 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| PUA (ASX) Chart |