Michinyon is exactly right, although according to GEM, payment after compulsory acquisition will take about 6 wks.
Offer is still open till 17 Dec, so KIM should still trade up to that date, not withstanding any variation to it by GEM, or that they might get 100% before then!
You'll notice how they have slowed the on mkt buying considerably today. Designed to get you to accept the offer sooner, or sell on mkt at .695 if you want your money quicker (T+3 vs 7 days + cheque clearance).
Easiest way to accept is to ring your broker and advise him you wish to accept the offer...no need to send in GEM's paperwork. The Gem info line told me (today) that they are still going to send out cheques within 7 days of acceptance, if you accept within the offer period. However, the notice (on ASX)from yesterday states that they are going to forward compulsory acq. paperwork before the offer closes...probably best not to cut it too fine!
KIM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
