Gus,
I am sure you are not even close to getting control of FAR with a 50-75% premium.
For the 90% of shares needed for compulsory acquisition of Far I would be surprised if three times that was successful.
A lot of the substantial holders have very optimistic views on the potential of the larger field and most have the resources to wait for a much bigger pay day.
Even amongst more moderate sized holders I am impressed how many intend to hold through to first oil.
MMM
Takeover like Hardman HDR?, page-11
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 47.5¢ | 45.0¢ | $74.80K | 161.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 26333 | 2 |
View Market Depth
| Last trade - 15.58pm 12/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |