IMO, "maintaining" = stopping RIO getting to 20%.
As previously mentioned, RIO has roughly 15.5% already and there's likely a minimum of 8.22% free float (18m shares).
18m pounds stirling equates to about $36m AUD, and at average price of $5 per share would only buy 7.2m shares. Higher the average price, the fewer shares it'd buy.
I guess the placement in Kalahari also reduces RIO's pre-existing stake there too.
Capping makes no sense to me because capping means selling shares. It's insane to think Kalahari will put a big sell order at say $5 to keep the price down when RIO could simply buy the whole order and increase its stake.
Z
IMO, "maintaining" = stopping RIO getting to 20%.As previously...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.72M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $47.68K | 5.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6370837 | 8 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| EXT (ASX) Chart |