Likely... or the other major holder.
Between them (and a few other large holders) they now likely own 85% or more. So the remaining shares are only worth $140m or so at today's prices.
Anecdotally keeping a listed structure can cost around $5m a year in various costs and compliance, so the return on wrapping this into a private roll-co structure probably starts to look compelling, even if they had to buy out minorities at NTA (or a price set by an independent valuation).
That said, I've thought that this would happen shortly for a few years, lol.
My Theory on what's driving the share price, page-3
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Last
$1.38 |
Change
-0.030(2.13%) |
Mkt cap ! $831.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.38 | $242.3K | 174.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1999 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 17000 | 1 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| AAC (ASX) Chart |