Regardless of the outcome of the Takeover Panel, I still think the incumbent Board should place 15% in the hands of a 'strong' friendly quick.
Any vote on Nobel type finance will likely need to be voted on by independent shareholders.
A new strong 15% shareholder could also block Noble & Associates from every achieving 100% control. (10%+ the blocker)
I suspect the longer Noble leave it to show us a fair bid price, the more expensive and messy it will prove ... and eventually cost them.
- Forums
- ASX - By Stock
- RES
- Hoist the 'for sale' sign please PJ
Hoist the 'for sale' sign please PJ, page-6
Featured News
Add RES (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online