No way it's anywhere near 80%.
There hasn't been enough LRS shares traded since the announcement to put the figure anywhere near that. In any case, many buyers will have other motivations - e.g. discounted entry to PLS, betting on a counter offer emerging, etc.
PLS chart, page-23213
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Last
$2.76 |
Change
0.085(3.18%) |
Mkt cap ! $8.131B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.77 | $2.69 | $20.72M | 7.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 207338 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.76 | 22300 | 16 |
View Market Depth
| Last trade - 12.18pm 21/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |