I think this is a risk all YAL investors worth considering.
Assuming the 2 chinese major shareholders are on Yankuang's side, Glencore is the only one to deal with. Yankuang can practically acquire Glencore's share offmarket through another agreement, perhaps at $6, which is a pretty sweet deal for Glencore. I believe this could be done and definitely legal( not sure if there's a regulation stating such action is blocked from not treating all shareholders equally).
If that happens, smaller shareholders like us are trapped.
Looking forward to the monthly update release by YAL(which was mentioned during the AGM).
I think this is a risk all YAL investors worth considering....
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Last
$6.81 |
Change
0.070(1.04%) |
Mkt cap ! $8.992B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.87 | $6.71 | $10.50M | 1.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6043 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 30193 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| YAL (ASX) Chart |