In the last three trading days 7.4% of the issued shares have changed hands at between 26.5-27.0 cents.
It is unlikely this represents an arbitrage position as the return looks too low unless there is a higher offer.
Another scenario is that a buyer or buyers wish to ensure that the scheme threshold of 75% cannot be reached, if Skip decides to vote "no".
Skip could have only bought 3.0% of GNX capital (without making a takeover offer) so if there is a single buyer it could be close an interest of 5.0% which would require disclosure as a substantial shareholder (within 2 days of acquiring that status). Keep an eye out for announcements in the next few days.
- Forums
- ASX - By Stock
- GNX
- TAKEOVERS PANEL and the INDEPENDENT EXPERT REPORT.
TAKEOVERS PANEL and the INDEPENDENT EXPERT REPORT., page-16
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNX (ASX) to my watchlist
(20min delay)
|
|||||
Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $373.9M |
Open | High | Low | Value | Volume |
26.5¢ | 27.0¢ | 26.5¢ | $2.076M | 7.759M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 48035748 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 15304567 | 146 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
46 | 34339795 | 0.265 |
25 | 32264791 | 0.260 |
2 | 62000 | 0.255 |
2 | 20000 | 0.250 |
2 | 5001 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 15224567 | 145 |
0.275 | 2247221 | 30 |
0.280 | 318637 | 11 |
0.285 | 95636 | 4 |
0.290 | 21287 | 3 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
Last
26.8¢ |
  |
Change
0.005 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
26.8¢ | 27.0¢ | 26.8¢ | 626106 | ||
Last updated 14.24pm 16/05/2024 ? |
Featured News
GNX (ASX) Chart |