GWR 3.66% 8.5¢ gwr group limited

Dream on Kopr,According to the article in the West Australian...

  1. 868 Posts.
    lightbulb Created with Sketch. 6
    Dream on Kopr,

    According to the article in the West Australian yesterday, The Chinese have officially acquired a share in GWR just over 11%, these Shares have full voting rights for the upcoming EGM. PMM no longer controls 19.9% of the company

    Add The 11% to FAS's 23% and then add in the Directors shares and I think you'll find PMM's Backdoor assault on GWR is dead in the water.

    GWR only need the support of about 15% of non alligned share holders to hold off PMM's opportunistic play for control of the GWR board.

    PMM on the other hand now own around 18% of GWR, they'll need a whopping 33% of the unalligned to vote for them. I'd be suprised if they could muster even a small fraction of the numbers needed.

    Good Riddance I say. If they want board control, let them announce a takeover bid and pay a premium like anyone else would have to.

    have a great day
    Sir Incognito
 
watchlist Created with Sketch. Add GWR (ASX) to my watchlist
(20min delay)
Last
8.5¢
Change
0.003(3.66%)
Mkt cap ! $27.30M
Open High Low Value Volume
8.2¢ 8.7¢ 8.0¢ $119.3K 1.450M

Buyers (Bids)

No. Vol. Price($)
1 100000 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 274694 2
View Market Depth
Last trade - 15.41pm 13/09/2024 (20 minute delay) ?
GWR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.